Why the sum total of factor …
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Gaurav Seth 5 years, 4 months ago
Gross National Product at factor cost refers to the sum total of factor incomes generated within the domestic territory of a country during the period of an accounting year, inclusive of depreciation and net factor income from abroad where as Gross Domestic Product at Market price is the sum total of market value of final goods and services produced within the domestic territory of a country during the period of an accounting year, (inclusive of depreciation and exclusive of net factor income from abroad)
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