To convert GNP at factor cost into GNP at market prices it is necessary to (a) add

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To convert GNP at factor cost into GNP at market prices it is necessary to

(a) add indirect taxes and subtract subsidies.

(b) subtract indirect taxes and add subsidies.

(c) add indirect taxes and subtract depreciation.

(d) subtract indirect taxes and add subsidies and subtract capital consumption.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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