Which of the following is incorrect?

CA Foundation · Business Economics · MTP · April 2025
Which of the following is incorrect?
(A) A. GDP at market price = GDP at factor cost plus net indirect taxes
(B) B. NNP at factor cost = NNP at market price minus indirect taxes
(C) C. GNP at market price = GDP at market price plus net factor income from abroad
(D) D. None of the above

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. GDP at market price = GDP at factor cost plus net indirect taxes

Topics: Determination of National Income

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