What is the formula of the given below (in hindi):
(1)GDP
(2)NDP
(3)NNP
(4)GDPmp
(5)GDPfc
(6)NDPmp
(7)NDPfc
(8)NNPmp
(9)NNPfc
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12th
Economics
National Income and Related Aggregates
Aggregates Related to National Income
Define the following terms:...
ECONOMICS
Define the following terms:
(i) GDP
MP
;
(ii) NDP
FC
;
(iii) NNP
MP
December 26, 2019
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Linga Charitha
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(i) GDP(at MP) : Gross Domestic Product at market price. It refers to the market value of final goods aand servicess produced within the domestic territory of a country during the period of an accounting year, inclusiive of depreciation.
(ii) NDP(at FC): Net Domestic Product at factor cost. It refers to the sum total of factor incomes generated within the domestic territory of a country during the period of an accounting year.
(iii) NNP(at MP) : Net National Product at Market price. It is the sum total of market value of final goods aand servicess produced within the domestic territory of a country during the period of an accounting year, (exclusiive of depreciation )and net factor income from abroad.
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