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UPSC Economics People as Resource Question Bank Structure of Economy and Human Resources in India

  • question_answer
    National product at factor cost is equal to

    A) Domestic product + Net factor income from abroad

    B) National product at market prices - indirect + taxes subsidies

    C) Gross domestic-product - depreciation

    D) National product at market prices + Indirect +taxes subsidies

    Correct Answer: A

    Solution :

    National product at factor cost is equal to net domestic product at factor cost + Net factor Income from Abroad.


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