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Question
National income at market price is always greater than national income at factor cost.
National income at market price is always greater than national income at factor cost.
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Solution
The correct option is B False
National income at market price = National income at factor cost + Net indirect taxes.
National income at market price can be less than national income at factor cost in case net indirect tax is a negative number.
False
National income at market price = National income at factor cost + Net indirect taxes.
National income at market price can be less than national income at factor cost in case net indirect tax is a negative number.
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