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National Income Accounting — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsNational Income Accounting1 Mark
Question
What is the difference between $\text{GNP}_{\text{MP}}$ and $\text{NDP}_{\text{FC}}$?
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Answer

The difference between $\text{GNP Mp}$ and $\text{NDP}$ arises due to consumption of fixed capital, net factor income from abroad and net indirect taxes. All these items are included in $\text{GNP}_{\text{MP}}$ and not in $\text{NDP}_{\text{FC}}.$

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