Is National Income at Market Price is Always Greater than National Income at Factor Cost?
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Is National Income at Market Price is Always Greater than National Income at Factor Cost?

Is National Income at Market Price is Always Greater than National Income at Factor Cost?
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Is National Income at Market Price is Always Greater than National Income at Factor Cost?

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False. National Income at Market price = National Income at factor cost + NET Indirect taxes national income at market price can be less than national income at factor cost in case net indirect taxes is a negative number.

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