Question

GDPmp= GDP+____?fill in the blanks

Answer 1

Answer:

GDPmp=GDP+Net indirect tax

Answer 2

GDPmp= GDPfc+ Indirect taxes

1. GDP is gross domestic product.
2. GDP or GDPmp tells total production of all the final goods and services within a given domestic territory during a given time period (usually one year).
3. GDPmp includes depriciation, goods produced in domestic territory by both residents and non residents and net indirect taxes (Indirect taxes -subsidies).