Question : Complete the following-
GDPFC = ? + Depreciation.
Option 1: NDPMP
Option 2: NDPFC
Option 3: NNPMP
Option 4: NNPFC
Answer (1)
Correct Answer: NDP FC
Solution :
GDP
FC
= NDP
FC
+ Depreciation.
Net domestic product at factor cost or domestic income refers to the net money value of all the final goods and services produced within the geographical territory of a country during a period of one year.
Hence, Option B is correct.
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