GDP at MP is
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
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.
Anurag Pathak Changed status to publish April 9, 2023