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How is NNP at factor cost derived from GNP at market prices? 

Economics
WAEC 2020

How is NNP at factor cost derived from GNP at market prices? 

  • A. GNP - Depreciation + Indirect taxes + Subsidies
  • B. GNP Depreciation - Indirect taxes + Subsidies
  • C. GNP + Depreciation Indirect taxes - Subsidies
  • D. GNP+ Depreciation- Indirect taxes + Subsidies 
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Correct Answer: Option D
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