Economics (M.Phil./Ph.D.) 2019 Panjab University Entrance Exam With Answers

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12.

GNP at factor cost is equal to:

A: GNP at factor price – Net Direct Taxes
B: GNP at factor cost + Net Direct Taxes
C: GNP at market prices – Net Indirect Taxes
D: GNP at market prices + Net Indirect Taxes

The answer is: C

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