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Economics · 2023 · 1 mark
CBSE 2023 · Region 1 · Set 1 · Q2
(A) The difference between National Income at market price and National Income at factor cost is. (Choose the correct alternative to fill up the…
The difference between National Income at market price and National Income at factor cost is ________.(Choose the correct alternative to fill up the blank)
Identify which of the following represents only the real flow :
Official answer
(A) → (A)
(B) → (B)
Marking-scheme solution
Branch (A) : (A) net indirect taxes
Branch (B) : (B) the diagram in which 'Goods and Services' flows from Firms to Household and 'Factor services' flows from Household to Firms.
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.