GDP at Market Price minus Net Indirect Taxes equals:
Options
AGDP at Factor Cost
BNNP at Market Price
CGNP at Market Price
DNDP at Factor Cost
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Determination of National IncomeMTP - Dec 2023 (Inter)Question 112 of 20
All Questions Correct Answer
✅ Option a — GDP at Factor Cost
All Options:
- AGDP at Factor Cost
- BNNP at Market Price
- CGNP at Market Price
- DNDP at Factor Cost
About This Chapter: National Income
Paper
Paper 4: Business Economics
Weightage
15%
Key Topics
Aggregates, Measurement, Keynesian Theory
A crucial chapter covering national income aggregates like GDP, GNP, NDP, NNP, and the methods of measuring national income (Income, Expenditure, and Output methods). It also introduces Keynesian Theory including the concepts of Aggregate Demand, Consumption Function, and the Multiplier.
View Official ICAI SyllabusExam Strategy Tip
Practice numerical questions on GDP/GNP calculations and the Multiplier. These are guaranteed marks in every exam. Also understand the circular flow of income clearly.
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