Home › Karnataka PUC II › economics › national_income_accounting › Net Domestic Product (NDP) at market prices equals
Net Domestic Product (NDP) at market prices equals
AGDP_MP + NFIA
BGDP_MP + Depreciation
CGDP_MP − Depreciation
DGDP_MP − Net Indirect Taxes
Answer & Solution
Correct answer: C. GDP_MP − Depreciation
NDP_MP = GDP_MP − Depreciation. Net concepts subtract consumption of fixed capital (depreciation) from gross concepts.
Related questions
GDP and welfare are NOT identical because GDPWhy is NNP at FACTOR COST (rather than at market prices) called the National Income?If GDP at market prices = ₹500, depreciation = ₹50, net indirect taxes = ₹40, NFIA = ₹10, Which equation correctly states the EXPENDITURE method of GDP at market prices?Which is a TRANSFER payment in the macroeconomic framework?Personal Disposable Income (PDI) equalsIf NDP at factor cost is ₹100 lakh and net indirect taxes are ₹15 lakh, NDP at market pricWhich of the following is INCLUDED in GDP?