Question

How to claculate NDPfc

Answer 1

Answer:

Formula: GDP (gross domestic product) at market price = value of output in an economy in the particular year – intermediate consumption at factor cost = GDP at market price – depreciation + NFIA (net factor income from abroad) – net indirect taxes.

Answer 2

Answer:

NDPfc is also known as Net Domestic Income (NDI). Net National Product: Net National Product (NNP) is equal to GNP minus depreciation. It indicates the net output available for the consumption by society where society includes consumers, producers and government