Question
Economics Question on Economy
Identify the correct formula of calculating of domestic income by Expenditure Method
A
GDPMP = PFCE + GFCE+NDCF - NE
B
GDPMP = PFCE - GFCE+ GDCF - NE
C
GDPMP = PFCE + GFCE + GDCF + NE
D
GDPMP= PFCE - GFCE - GDCF + NE
Answer
GDPMP = PFCE + GFCE + GDCF + NE
Explanation
Solution
The Correct Option is (C): GDPMP = PFCE + GFCE + GDCF + NE