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Question

Indirect taxes minus Subsidies is called ______________.

A
net subsidies
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B
net indirect taxes
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C
gross subsidies
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D
gross indirect taxes
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Solution

The correct option is D net indirect taxes
Net Indirect Tax is the difference between the Indirect tax and subsidy.
Net Indirect Tax = Indirect Tax - Subsidy
Indirect taxes minus Subsidies is called net indirect taxes.


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