Question:medium
Arrange the following statements in the context of calculating Gross National Product (GNP) at Market Price:
\[
(A)\ \text{Add Net Factor Income from Abroad}
\]
\[
(B)\ \text{Calculate value of output}
\]
\[
(C)\ \text{Determine total sales in the country}
\]
\[
(D)\ \text{Deduct intermediate consumption}
\]
Arrange the following statements in the context of calculating Gross National Product (GNP) at Market Price:
\[
(A)\ \text{Add Net Factor Income from Abroad}
\]
\[
(B)\ \text{Calculate value of output}
\]
\[
(C)\ \text{Determine total sales in the country}
\]
\[
(D)\ \text{Deduct intermediate consumption}
\]
Show Hint
To calculate GNP at Market Price, first calculate domestic production and then add Net Factor Income from Abroad:
\[
GNP_{MP} = GDP_{MP} + NFIA
\]
Updated On: May 11, 2026
- BDCA
- DCBA
- BCDA
- ABCD
Show Solution
The Correct Option is C
Solution and Explanation
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