GDP at MP is

Anurag Pathak
April 9, 2023
Macro Economics (Class 12th), National Income and related aggregates

845 viewsApril 9, 2023Macro Economics (Class 12th)National Income and related aggregates

Anurag Pathak28.30K April 9, 2023 0 Comments

GDP at MP is

a) Inclusive of depreciation

b) Inclusive of indirect tax

c) Exclusive of subsidies

d) All the above

Anurag Pathak Changed status to publish April 9, 2023

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Anurag Pathak28.30K Posted April 9, 2023 0 Comments

Ans – d)

Explanation

GDP at MP = NDP at FC + Depreciation + Indirect tax – Subsidies

Gross indicates depreciation included

MP (Market Price) indicates net indirect tax (Indirect tax – subsidies) included.

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