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प्रश्न
Answer the following question:
Explain the concept of Gross domestic product at market prices.
थोडक्यात उत्तर
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उत्तर
Gross Domestic Product at Market Prices (GDPMP) refers to the market value of all the final goods and services produced within the domestic country during an accounting year inclusive of depreciation. It is a gross concept as depreciation is not taken into account in its estimation. Also, GDP is limited to the domestic territory and excludes the Net Factor Income from Abroad (NFIA).
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