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Question
Which alternative formula represents Gross National Product at Factor Cost (GNPFC)?
Options
\[GNPFC = GNPMP + NFIA\]
\[GNPFC = GDPMP - Net\ Product\ Taxes - Net\ Production\ Taxes\]
\[GNPFC = GNPMP - Depreciation\]
\[GNPFC = GNPMP - Net\ Product\ Taxes - Net\ Production\ Taxes\]
MCQ
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Solution
GNPFC may also be calculated by deducting Net Product Taxes and Net Production Taxes from GNPMP. Thus, \[GNPFC = GNPMP - Net\ Product\ Taxes - Net\ Production\ Taxes\].
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