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Choose the incorrect pair from given below
Column A
Column B
A NDPfc
(i) national income
B NDPmp
(ii) GDPfc - depreciation +NIT
C.NNPfc
(iii) Domestic income
D.GNPfc
(iv) NDPmp + depreciation +NIT + NFYA
A (i)
B-(ii)
C-(iii)
D(iv)
Let's break down each pair:
- A NDPfc (i) national income:
- NDPfc stands for Net Domestic Product at factor cost.
- It is equal to GDPfc minus depreciation.
- It does not exactly equate to national income, as national income is usually represented by NNPfc.
- B NDPmp (ii) GDPfc - depreciation +NIT:
- NDPmp stands for Net Domestic Product at market price.
- To calculate it, you subtract depreciation from GDPmp.
- Net Indirect Taxes (NIT) are not added; rather, NIT are calculated by removing subsidies and adding taxes to the factor cost.
- C NNPfc (iii) Domestic income:
- NNPfc stands for Net National Product at factor cost.
- It represents national income, not just domestic income.
- D GNPfc (iv) NDPmp + depreciation +NIT + NFYA:
- GNPfc is Gross National Product at factor cost.
- It accounts for Net Factor Income from Abroad (NFYA), but this expression is an incomplete calculation for GNPfc.
Based on these explanations, the incorrect pair is 2, B-(ii).
.
Report error
Gautam V Pillai
According to the given explanation, all of them are incorrect.
Madhav Garg
here 3 options are incorrecr 1,3,4 how to choose incorrect one
Manognya
B is the only correct one
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