Market price of the final goods and services including depreciation produced within the domestic territory of a country during an accounting year is called

GDP at market price

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GNP at market price

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GDP at factor cost

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GNP at factor cost

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Solution

The correct option is A
GDP at market price

Market price of the final goods and services including depreciation produced within the domestic territory of a country during an accounting year is called GDP at market price.

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Similar questions

Market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called :

Q. GNP at market price minus ________ is equal to GDP at market price.

Q. 94. Output of an economy is worked out both at market prices as well as factor cost, but for growth purposes, output at factor cost is considered. Consider the following statements in this regards.
1.If output measured at market prices increases it does not necessarily imply that more goods and services have been produced in the economy.
2.Output measured at factor cost is more useful for cross-country comparison.
3.Output at market price and factor cost can never be the same.
4. Output at factor cost in terms of constant prices reflects inflation adjusted growth in output.
Which of the above statement(s) is/are correct?

There is no difference between GDP at market price and GDP at factor cost in a two sector economy including household sector and producer sector.

Which of the following items is not included while estimating GNP of a country at market price?

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Market price of the final goods and services including depreciation produced within the domestic territory of a country during an accounting year is called

The correct option is A GDP at market price Market price of the final goods and services including depreciation produced within the domestic territory of a country during an accounting year is called GDP at market price.

The correct option is A
GDP at market price

Market price of the final goods and services including depreciation produced within the domestic territory of a country during an accounting year is called GDP at market price.