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
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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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