Question

Difference between GNP_MP and NDP_Fc·

Answer 1

Basis	GNP at Market Price	NDP at Factor Cost
Scope	Measures the total value of goods and services produced by nationals (within & abroad)	Measures net value of goods and services produced within domestic territory
Includes/Excludes	Includes Net Factor Income from Abroad (NFIA)	Excludes NFIA, only considers domestic production
Depreciation	Includes depreciation	Excludes depreciation
Price Valuation	At market price – includes indirect taxes and excludes subsidies	At factor cost – excludes indirect taxes, includes subsidies
Production Area	Includes production by residents (nationals) inside and outside the country	Includes production within domestic territory only, regardless of nationality