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GNP at market prices is 300 billion. Depreciation is 30 billion; indirect taxes 20 billion. (a) What is national income? (b) Why does depreciation cause

GNP at market prices is 300 billion. Depreciation is 30 billion; indirect taxes 20 billion. (a) What is national income? (b) Why does depreciation cause a discrepancy between GNP and national income?? Why do indirect taxes enter the circulation

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