Net value added at factor cost (F) is:
A. Market value of output
B. Total of income payment made to factors of production
C. NNI – Amount of Indirect tax + subsidies
D. Value of the net output of the economy
Answer:D
Net value added at factor cost (F) is:
A. Market value of output B. Total of income payment made to factors of production C. NNI – Amount of Indirect tax + subsidies D. Value of the net output of the economy