Question

400
100
20
Calculate NDP at FC.
Particulars
(i) Private final consumption expenditure
(ii) Gross domestic capital formation
(iii) Change in stocks
(iv) Net indirect taxes
(v) Net factor income from abroad
(vi) Net exports
(vii) Consumption of fixed capital
(viii) Government final consumption expenditure
60
10
(-) 20
20
100​

Answer 1

Answer:

Gross Domestic Product (GDP) at Market Price (MP) = Private Final Consumption Expenditure (+) Private Final Investment Expenditure (+) Government Final Expenditure (+) Net Exports.

NDP at MP = GDP at MP (+) NFIA [Net Factor Income from Abroad]

Explanation:

Net domestic product (NDP) is an annual measure of the economic output of a nation that is calculated by subtracting depreciation from gross domestic product (GDP).This value calculated here is inclusive of depreciation as well. GDP at Factor Cost = Sum of all GVA at factor cost. GDP at Market Price = GDP at factor cost + Product taxes + Production tax – Product subsidies – Production subsidies.

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