Question:medium

Identify the correct equation from the following:

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Remember that \(GNP_{MP}\) accounts for income from abroad, while \(GDP_{MP}\) is confined to domestic boundaries.
Updated On: Jan 13, 2026
  • \(GDP_{MP} = NNP_{FC} + \text{Depreciation}\)
  • \(NDP_{FC} = NNP_{FC} + \text{Net Indirect Taxes}\)
  • \(GNP_{MP} = GDP_{MP} + \text{Net Factor Income from Abroad}\)
  • \(NNP_{FC} = NDP_{MP} + \text{Depreciation}\)
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The Correct Option is C

Solution and Explanation

Gross Domestic Product at Market Price (\(GDP_{MP}\)) plus Net Factor Income from Abroad (NFIA) yields Gross National Product at Market Price (\(GNP_{MP}\)). This formula reflects the total earnings of a country's citizens, encompassing both domestic and international income sources.
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