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Answer to Question #64781 in Macroeconomics for neha chakma
Question #64781
Suppose the NNPmp of a country is ₹1600cr. If the indirect tax is ₹100cr and total amount of subsidy is ₹80,find out the level of national income of the country.
Expert's answer
NDPfc= NDI = NDPmp – Indirect Taxes + Subsidies = ₹1600cr - ₹100cr + ₹80cr = ₹1580cr. So, National Income is ₹1580cr
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