In calculating a country's NNP at market prices, which of the following is not included?
Depreciation allowance is excluded from net national product at market prices. The relationship is \(NNP_{MP}\) \(=GNP_{MP}-\text{depreciation}\); employee compensation and…
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In calculating a country's NNP at market prices, which of the following is not included?
Answer and explanation
Correct answer D
Depreciation allowance is excluded from net national product at market prices. The relationship is ; employee compensation and net indirect taxes remain part of this market-price aggregate.
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Gujarat SET (GSET)