______ is added in NNP at MP to arrive at GNP at MP.
Answer:- Depreciation is added in NNP at MP to arrive at GNP at MP. Explanation:- GNP at MP = NNP at MP + Depreciation
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NNP at FC = GNP at MP – ________ – Depreciation
Answer:- NNP at FC = GNP at MP – Net Indirect tax – Depreciation.
NDP at FC is also known as ________ Income
Answer:- NDP at FC is also known as Domestic Income. Explanation:- Net Domestic Product at Factor Cost (NDP at FC) is known as Domestic Income in short.
GDP at MP, GDP at FC _________ and NDP at FC are four Domestic concepts
Answer:- GDP at MP, GDP at FC, NDP at MP and NDP at FC are four Domestic concepts. Explanation:- Domestic Income is calculated in four aggregates. GDP at MP = Gross Domestic Product at Market Price GDP at FC =…
NNP at FC is also known as __________ Income.
Answer:- NNP at FC is also known as National Income. In Short Net National Product at Factor Cost (NNP at FC) is known in short as National Income.
Net domestic product at factor cost is more than national income when net factor income from abroad is _______.
Answer:- Net domestic product at factor cost is more than national income when net factor income from abroad is Negative. Explanation:- National Income = Net Domestic Product at Factor Cost + Net Factor income from abroad. But When Net Factor…
GNP at MP ________ NNP at MP and NNP at FC are four National concepts
Answer:- GNP at MP, GNP at FC NNP at MP and NNP at FC are four National concepts.
Statement 1: A person can be a citizen of one country and at the same time a resident of another country
Ans – (c) Statement 1: it’s true a person can be a citizen of one country and at the same a resident of another country. An American citizen living earning and spending in India is a resident of India but…
Statement 1: Net factor income from abroad is positive when income earned from abroad is less than income paid to abroad
Ans – (b) Statement 1: It’s false, net factor income from abroad is positive when income earned from abroad is more than the income paid to abroad. Statement 2: It’s false Net factor income from abroad is zero in a…
Statement 1: Intermediate goods are included in National income but not in Domestic Income
Ans – (d) Statement 1: It’s false, Intermediate goods are not included in national income and domestic income. Statement 2: It’s true, intermediate goods are used in the same year to produce final goods.