(i) Gross Domestic Product at Market Price : It is the money value of all the final goods and services produced within the domestic territory of a country during an accounting year.
GDPMP = Net domestic product at FC (NDPFC) + Depreciation + Net Indirect tax.
(ii) Gross Domestic Product at FC : It is the value of all final goods and services produced within domestic territory of a country which does not include net indirect tax.
GDPFC = GDPMP – Indirect tax + Subsidy
or GDPFC = GDPMP – NIT
(iii) Net Domestic Product at Market Price : It is the money value of all final goods and services produced within domestic territory of a country during an accounting year and does not include depreciation.
NDPMP = GDPMP – Depreciation
(iv) Net Domestic Product at FC : It is the value of all final goods and services which does not include depreciation charges and net indirect tax. Thus it is equal to the sum of all factor incomes (compensation of employees, rent, interest, profit and mixed income of self employed) generated in the domestic territory of the country.
NDPFC = GDPMP – Depreciation – Indirect tax + Subsidy
(v) Net National Product at FC (National Income) : It is the sum total of factor incomes (compensation of employees + rent + interest + profit) earned by normal residents of a country in an accounting year
or
NNPFC = NDPFC + Factor income earned by normal residents from abroad –
factor payments made to abroad.
(vi) Gross National Product at FC: It is the sum total of factor incomes earned by normal residents of a country along with depreciation, during an accounting year.
GNPFC = NNPFC + Depreciation OR
GNPFC = GDPFC + NFIA
(vii) Net National Product at MP : It is the sum total of factor incomes earned by the normal residents of a country during an accounting year including net indirect taxes.
NNPMP = NNPFC + Indirect tax – Subsidy
(viii) Gross National Product at MP : It is the sum total of factor incomes earned by normal residents of a country during an accounting year including depreciation and net indirect taxes.
GNPMP = NNPFC + Dep + NIT
Test
Yogita Ingle 6 years, 3 months ago
(i) Gross Domestic Product at Market Price : It is the money value of all the final goods and services produced within the domestic territory of a country during an accounting year.
GDPMP = Net domestic product at FC (NDPFC) + Depreciation + Net Indirect tax.
(ii) Gross Domestic Product at FC : It is the value of all final goods and services produced within domestic territory of a country which does not include net indirect tax.
GDPFC = GDPMP – Indirect tax + Subsidy
or GDPFC = GDPMP – NIT
(iii) Net Domestic Product at Market Price : It is the money value of all final goods and services produced within domestic territory of a country during an accounting year and does not include depreciation.
NDPMP = GDPMP – Depreciation
(iv) Net Domestic Product at FC : It is the value of all final goods and services which does not include depreciation charges and net indirect tax. Thus it is equal to the sum of all factor incomes (compensation of employees, rent, interest, profit and mixed income of self employed) generated in the domestic territory of the country.
NDPFC = GDPMP – Depreciation – Indirect tax + Subsidy
(v) Net National Product at FC (National Income) : It is the sum total of factor incomes (compensation of employees + rent + interest + profit) earned by normal residents of a country in an accounting year
or
NNPFC = NDPFC + Factor income earned by normal residents from abroad –
factor payments made to abroad.
(vi) Gross National Product at FC: It is the sum total of factor incomes earned by normal residents of a country along with depreciation, during an accounting year.
GNPFC = NNPFC + Depreciation OR
GNPFC = GDPFC + NFIA
(vii) Net National Product at MP : It is the sum total of factor incomes earned by the normal residents of a country during an accounting year including net indirect taxes.
NNPMP = NNPFC + Indirect tax – Subsidy
(viii) Gross National Product at MP : It is the sum total of factor incomes earned by normal residents of a country during an accounting year including depreciation and net indirect taxes.
GNPMP = NNPFC + Dep + NIT
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