National Income Accounting — Economics STD 12 Commerce — Question
CBSE BoardEnglish MediumSTD 12 CommerceEconomicsNational Income Accounting1 Mark
Question
What is the difference between $GNP_{MP}$ and $NDP_{FC}$?
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Answer
The difference between $GNP\ Mp$ and $NDP$ arises due to consumption of fixed capital, net factor income from abroad and net indirect taxes. All these items are included in $GNP_{MP}$ and not in $NDP_{FC}$.
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