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Economics · 2023 · 1 mark
CBSE 2023 · Region 1 · Set 1 · Q2
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 :
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
From CBSE’s own marking scheme for this paper.
(A) → (A)
(B) → (B)
Marking-scheme solution
Branch (A) : (A) net indirect taxes
OR
Branch (B) : (B) the diagram in which 'Goods and Services' flows from Firms to Household and 'Factor services' flows from Household to Firms.More from National Income Accounting
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CBSE Class 12 Economics past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.