Multiple choice

The difference between G. D. P. at market price and G. D. P at factor prices is called

  1. net factor income from abroad

  2. net export

  3. depreciation

  4. net indirect tax

  5. direct tax
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The difference between G.D.P at market price and G.D.P at factor prices is called net indirect tax. GDP (FC) and GDP (MP) minus indirect taxes plus subsidies is the net direct tax. 

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