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National Income Aggregates & GDP · Question 33 of 69

What is domestic income (NDP at factor cost)?

Question 33

MediumOriginal question

Data for an economy:

Item₹ crore
GDP at market price1,000
Depreciation100
Net indirect taxes80
Net factor income from abroad−20

What is domestic income (NDP at factor cost)?

Options for question 33

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. NDP at FC = GDP at MP − depreciation − net indirect taxes = 1,000 − 100 − 80 = ₹820 crore.

  2. NFIA is not used: domestic income stays within the territory.

Concept
Domestic income
Typical time
70 s
Your time
—
The rule this testsMarket price, factor cost and basic prices
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