Question:medium
Identify the correct equation from the following:
Identify the correct equation from the following:
Show Hint
Distinguish between GDP and GNP: GDP focuses on domestic production; GNP includes income from abroad.
Updated On: Jan 13, 2026
- \( GDP_{MP} = NNP_{FC} + {Depreciation} \)
- \( NDP_{FC} = NNP_{FC} + {Net Indirect Taxes} \)
- \( GNP_{MP} = GDP_{MP} + {Net Factor Income from Abroad} \)
- \( NNP_{FC} = NDP_{MP} + {Depreciation} \)
Show Solution
The Correct Option is C
Solution and Explanation
Gross National Product (GNP) at Market Price (\( GNP_{MP} \)) equals the Gross Domestic Product (GDP) at Market Price plus Net Factor Income from Abroad (NFIA). The formula is: \[GNP_{MP} = GDP_{MP} + NFIA\]
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