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Market Distortions

Identify the ...

Question

Identify the missing item in the following flowchart:

Depreciation

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Net Indirect Taxes

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Net Factor Income from Abroad

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Indirect Taxes

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Solution

The correct option is B Net Indirect Taxes
Net indirect tax is the missing item in the following chart.
Formula: Market price- indirect tax = factor cost
or, Factor cost + indirect tax = market price

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Similar questions

G N P_{F C} = G N P_{M P} - ?

? =

-

G D P_{F C} = ? +

N D P_{F C} = ? -

-

G N P_{M P}

G D P_{F C} = R s . 3, 000

= R s . 200

= R s . 420

= R s . 200

Particulars	Rs. in crores
(i) NDP at FC (ii) Subsidies (iii) Factor income from abroad (iv) Consumption of Fixed Capital (v) Factor income to abroad (vi) GNP at MP	55,915 1,540 635 1,625 865 58,350

Particulars	Rs. in crores
(i) National Income (ii) Consumption of Fixed Capital (iii) Factor income from abroad (iv) Indirect Taxes (v) Subsidies (vi) Factor income to abroad	6,700 180 100 130 70 150

Particulars	Rs. in crores
(i) GNP at FC (ii) Indirect Taxes (iii) Factor income from abroad (iv) Factor income to abroad (v) Replacement of Fixed Capital	2,700 60 150 180 150

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