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Which alternative formula represents Net Domestic Product at Factor Cost (NDPFC)?

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Question

Which alternative formula represents Net Domestic Product at Factor Cost (NDPFC)?

Options

  • \[NDPFC = NDPMP - Depreciation\]

  • \[NDPFC = NNPMP - Net\ Product\ Taxes - Net\ Production\ Taxes\]

  • \[NDPFC = NDPMP - Net\ Product\ Taxes - Net\ Production\ Taxes\]

  • \[NDPFC = NDPMP + NFIA\]

MCQ
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Solution

NDPFC can be obtained from NDPMP by deducting Net Product Taxes and Net Production Taxes. Thus, \[NDPFC = NDPMP - Net\ Product\ Taxes - Net\ Production\ Taxes\].

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