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calculate GNP AT factor cost :::

1. GNP at market price 97000 crores

2. subsidies 9000 crores

3. indirect taxes 12000 crores

GNP at Fc = GNP at MP - Indirect taxes + Subsidies

GNP at Fc = 97000-12000+9000= 94000 crores

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GNPFC= GNPMP - Net Indirect Taxes {NIT=-Indirect Tax + Subsidies}

GNPFC=GNPMP- Indirec Taxes + Subsidies

GNPFC =97,000 - 12,000 + 9,000 = 94,000

Therefore GNPFC = 94,000 crores

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