Question:
GDP at factor cost may be derived from using one of the following formula. Choose the correct.
GDP at factor cost may be derived from using one of the following formula. Choose the correct.
Updated On: Sep 12, 2024
- GDPFC=GDPMP- NFIA
- GDPFC=GDPMP-NIT
- GDPFC=GDPMP-NIT-Depr
- GDPFC=GDPMP+NFIA
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The Correct Option is B
Solution and Explanation
The correct option is (B):GDPFC=GDPMP-NIT
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