GDP at MP, GDP at FC _________ and NDP at FC are four Domestic concepts
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GDP at MP, GDP at FC _________ and NDP at FC are four Domestic concepts.
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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 = Gross Domestic Product at Factor Cost
NPD at MP = Net Domestic Product at Market Price
NDP at FC = Net Domestic Product at Factor Cost
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