Question

Which of the following statement is incorrect?

विकल्प

• Gross Domestic Product (GDP) at Market price = GDP at factor cost plus Net Indirect taxes.

• Net National Product (NNP) at Market price = NNP at factor cost.

• Gross National Product (GNP) at Market price = GDP at Market price plus Net Factor Income From Abroad.

• Net National Product (NNP) at Factor cost = National Income.

Answer 1

Net National Product (NNP) at Market price = NNP at factor cost.