National income

Economics

How come net domestic product received by household is NDP (FC) ?? Y NOT ( MP )

Reetikaa R

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01-Jun-23 21:08

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Answers (4)

Best Answer

Surya Prakash

actually in photo mentioned house hold is NDP (MP) but not NDP(FC) FC=MP-DIRECT TAXES+SUBSIDIES

Where in the photo it has been given as NDPmp? If you look carefully, neither mp nor fc has been mentioned. It is just given as NDP received by households. For calculating personal income, we always take it to be NDPfc. Only if it is specifically given as mp, convert to fc and then solve. Otherwise, if the question is silent, assume it to be fc and solve the problem.

Varshaa M

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01-Jun-23 22:57

actually in photo mentioned house hold is NDP (MP) but not NDP(FC) FC=MP-DIRECT TAXES+SUBSIDIES

Surya Prakash

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01-Jun-23 21:40

Surya Prakash

actually in photo mentioned house hold is NDP (MP) but not NDP(FC) FC=MP-DIRECT TAXES+SUBSIDIES

But sir has taken as FC only

Thread Starter

Reetikaa R

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01-Jun-23 21:49

Thread Starter

Reetikaa R

But sir has taken as FC only

Then I don't know but majority what I said is correct but wait until respective faculty discuss

Surya Prakash

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01-Jun-23 22:43