GDP at factor cost may be derived from using one of the foll... | Economics | SolveeIt

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

$GDP_{FC}=GDP_{MP}-NFIA$

$GDP_{FC}=GDP_{MP}-NIT$

$GDP_{FC}=GDP_{MP}-Depr$

$GDP_{FC}=GDP_{MP}+NFIA$

Answer

$GDP_{FC}=GDP_{MP}-NIT$

Explanation

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

Economics Question on Gross Domestic Product (GDP)