Dr. meghna jain (pt) Asked a Question
September 16, 2021 7:34 pmpts 30 pts
it is written here GDPfc but the form written gross national product at factor cost
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  • Dr. meghna jain (pt)
    that is the formula I am asking that if we can write gross national product at factor cost as GDPfc
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    Rucha rajesh shingvekar
    yes it's correct see attachment
  • Rucha rajesh shingvekar thankyou
    Yes GNP  = GDP ( at market price) + Net income inflow from abroad. However, if it’s at MP i.e Market Price: It includes: Net Indirect Taxes (NIT)
    • cropped5197089318777047505.jpg
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