Question

GDPf = Gross Domestic Product at Factor Cost; GDPm = Gross Domestic Product at Market Price; NNPf = Net National Product at Factor Cost; C = Consumption; I = Investment; G = Government Exprnditure; X = Export; M = Import; T= Tax; S = Saving; D = Depreciation; NIA = Net Income from Abroad Which of the following expressions is/are CORRECT?

A GDPF = C + I + G + X – M
B GDPM = C + I + G + X - M
C NNPF = C + I + G + X – M – T + S – D + NIA
D NNPF = C+ I + G + X – M – T + S – D
E None of these
Practice Next

Hey! Ask a query