Question

Calculate (a).NDP at FC- Expenditure Method

Answer 1

Calculation of Natinal Domestic Prodeuct (NDP) at Factor Cost (FC)

1. Gross Domestic Product (GDP) at Market Price (MP) =

Private Final Consumption Expenditure (+) Private Final Investment Expenditure (+) Government Final Expenditure (+) Net Exports

2. NDP at MP =

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

3. NDP at FC =

NDP at MP (+) NIT [Net Indirect Taxes]

Answer 2

Explanation:

How to calculate ndp at mp with expenditure method?