How is NNP at factor cost derived from GNP at market prices?
ECONOMICS
WAEC 2020
How is NNP at factor cost derived from GNP at market prices?
- A. GNP - Depreciation + Indirect taxes + Subsidies
- B. GNP Depreciation - Indirect taxes + Subsidies
- C. GNP + Depreciation Indirect taxes - Subsidies
- D. GNP+ Depreciation- Indirect taxes + Subsidies
Correct Answer: D. GNP+ Depreciation- Indirect taxes + Subsidies
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