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Question

NDPMP - Indirect Taxes+ Subsides =

A
NNPMP
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B
NDPFC
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C
NNPFC
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D
None of the above
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Solution

The correct option is B NDPFC
NDPMP is defined as the market value of final goods and services produced in the domestic territory of a country by its residents and non residents in an accounting year less depreciation. NDPMP= GDPMP-Depreciation
NNPFC= NDPMP-Indirect taxes+Subsidies
NNPFC is defined by total factor incomes earned by the factors of production.

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