NDP at Factor Cost = NDP at Market Price - Indirect Taxes + Subsidies

True

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False

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find NDP at Factor cost from the following data:

i. gross domestic fixed investment . 10,000

ii. inventory invetment 5,000

iii. depreciation 2,000

iv. indirect taxes 1,000

v. Subsidies 2,000

vi. consumption expenditure 20,000

vii. residential consumption expenditure 6,000

why isnt residential consumption expenditure included in calculating NDP?

Particulars	Rs. in crores
(i) NDP at FC (ii) Subsidies (iii) Factor income from abroad (iv) Consumption of Fixed Capital (v) Factor income to abroad (vi) GNP at MP	55,915 1,540 635 1,625 865 58,350

why natinal income at factor cost do not include subsidies and indirect tax?

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