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Question : NDP at FC plus net factor income from abroad is equal to

Option 1: NNP at MP

Option 2: NNP at FC

Option 3: GDP at FC

Option 4: GNP at MP


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: NNP at FC


Solution : The correct option is NNP at FC .

Net Domestic Product at Factor Cost (NDP at FC) plus Net Factor Income from Abroad (NFIA) is equal to Gross Domestic Product at Market Prices (GDP at MP). In other words, Gross Domestic Product at Market Prices is the sum of Net Domestic Product at Factor Cost, and Net Factor Income from Abroad. This formula takes into account the income earned by factors of production within the domestic territory (NDP at FC) and adjusts for the net income earned from abroad (NFIA).

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