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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
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46. which of the following statements not correct? (1) gdp gnp (x-m} (2) nnp at factor costs = nivp at market prices + indirect taxes subsidies govermment surpl
46. Which of the following statements NOT correct? (1) GDP GNP (X-M} (2) NNP at Factor costs = NivP at Market Prices + Indirect Taxes Subsidies Govermment Surpluses. NNP at Factors costs C+ I + G X-M) - Net indirect Taxes NNP at Factor costs Personal Income + Social insurance contributions + Corporate profit Tax Liability + Undistributed Profies- Transfer Payments (3) (4)
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Harini Best Answer
the correct option is A GDP is the total value of goods and services produced within the geographical boundary of the country. The formula to estimate GDP under expenditure method is GDP = consumption(C) + investment(I) + govt. expenditure (G) + net exports (X-M) similarly, GNP = GDP - depreciation.
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Tanuj rana
NI=C+G+I+(X-M) + NFIA-Depreciation-Indirect Taxes + Subsidies. so 3rd statement is wrong.