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Calculating National Income  (
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Macroeconomics Class 12 > National Income Accounting > Circular Flow of Income and Methods of > Calculating National Income
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Q. why are subsides include in factor cost? ...
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1 answer under Calculating National... 2 years, 8 months ago

A. If the cost of a commodity is 500. When it reaches the local supplier, Government is giving 10% subsidy. So farmer purchases it @ (500-50)=Rs. 450 GDP @ Factor cost= 500 [i.e. without... link
1 year, 7 months ago
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