Question:

GDP at factor cost may be derived from using one of the following formula. Choose the correct.

Updated On: Sep 19, 2024

$ GDP_{FC}=GDP_{MP}-NFIA$
$GDP_{FC}=GDP_{MP}-NIT $
$GDP_{FC}=GDP_{MP}-Depr $
$GDP_{FC}=GDP_{MP}+NFIA $

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The Correct Option is B

Solution and Explanation

The correct option is (B) :$GDP_{FC}=GDP_{MP}-NIT $

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Top Questions on Gross Domestic Product (GDP)

Based on the table given below, the current account deficit in nominal terms as a percentage of GDP during 2012-13 will be _______ (rounded off to three decimal places).

Expenditure on Gross Domestic Product (Rupees in Crores)
At Current Prices		2009-10	2010-11	2011-12	2012-13
1.	Final Consumption Expenditures	448	525	617	696
2.	Gross Fixed Capital Formation	206	241	286	307
3.	Change in Inventory Stocks	18	27	17	17
4.	Exports of Goods & Services	130	171	215	243
5.	Imports of Goods & Services	165	205	272	311

At Constant 2004-05 Prices		2009-10	2010-11	2011-12	2012-13
1.	Final Consumption Expenditures	340	368	400	421
2.	Gross Fixed Capital Formation	159	117	199	200
3.	Change in Inventory Stocks	14	21	12	11
4.	Exports of Goods & Services	100	120	138	145
5.	Imports of Goods & Services	133	154	187	199

GATE XH-C1 - 2024
Indian Economy
Gross Domestic Product (GDP)

Which two countries together controlling nearly 60 per cent of the worlds GDP 2,000 year ago.
A. India
B. China
C. Romans
D. East Africa
Choose the correct answer from the options given below :
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- Gross Domestic Product (GDP)
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