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Question
NDPFC includes the following ______.
Options
compensation of employees
operating surplus
mixed income
all of these
MCQ
Fill in the Blanks
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Solution
NDPFC includes the following compensation of employees, operating surplus and mixed income.
Explanation:
Net Domestic Product at Factor Cost (NDP<sub>FC</sub>) represents the total factor incomes generated in the domestic territory after accounting for depreciation.
It includes:
- Compensation of Employees – wages, salaries, benefits.
- Operating Surplus – profit, interest, and rent (from corporations/government).
- Mixed Income – for self-employed individuals combining multiple sources.
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