The Gross Domestic Product at Factor Cost (GDP FC ) is calculated by which of the following formula (Here GDP MP is Gross Domestic Product at market…
CA Foundation · Business Economics · PYQS · May 2025
The Gross Domestic Product at Factor Cost (GDP FC ) is calculated by which of the following formula (Here GDP MP is Gross Domestic Product at market prices):
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. GDP FC = GDP MP - Indirect Taxes + Subsidies
Topics: Determination of National Income
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