Distinguish between GDPFC and NNPMP. - Vidyadip

Question

Distinguish between GDP_FC and NNP_MP.

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Answer

GDP_FC is a Gross value whereas NNP_MP is a Net value, i.e. depreciation is included in GDP_FC and not included NNP_MP.
GDP is a domestic aggregate whereas NNP_MP is a national aggregate i.e. net factor income from abroad (NFIA) is not included in GDP_FC whereas it is included in NNP_MP.
Lastly GDP does not include the value of net indirect taxes whereas NNP_MP includes the value of NIT.

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