Distinguish between GDPfc and NDPfc.?

1.	Distinguish between GDPfc and NDPfc.?
Answer» NDPfc:- Net Domestic Income or Net Domestic Product at factor Cost (NDPfc) is the sum total of factor incomes (rent + profit + wages + interest) generated within the domestic territory of a country during a year. NDPfc = NDP mp – Net Indirect taxes Or NDPfc = NDPmp - Indirect tax + subsidy GDPfc: Gross Domestic product at factor cost (GDPfc) is the sum total of factor incomes (rent + interest + profit + Wages) generated within the domestic territory of a country, along with consumption of fixed capital during a year. GDPfc = NDPfc + Depreciation Or NDPfc = GDPfc – Depreciation

Answer»

NDPfc:- Net Domestic Income or Net Domestic Product at factor Cost

(NDPfc) is the sum total of factor incomes (rent + profit + wages + interest) generated within the domestic territory of a country during a year.

NDPfc = NDP mp – Net Indirect taxes

NDPfc = NDPmp - Indirect tax + subsidy

GDPfc: Gross Domestic product at factor cost (GDPfc) is the sum total of factor incomes (rent + interest + profit + Wages) generated within the domestic territory of a country, along with consumption of fixed capital during a year.

GDPfc = NDPfc + Depreciation

NDPfc = GDPfc – Depreciation

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