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This is right. Because National income is measured with reference to a period (not point) of time.
Indirect taxes raise the market prices of goods and services. And subsidies reduces the market prices.
National income is a flow variable?
This is right. Because National income is measured with reference to a period (not point) of time.
This is right. Because National income is measured with reference to a period (not point) of time.
See lessWhat is the effects of Indirect taxes and subsidies on prices?
Indirect taxes raise the market prices of goods and services. And subsidies reduces the market prices.
Indirect taxes raise the market prices of goods and services. And subsidies reduces the market prices.
See less