Table of Contents
What is GDP at MP?
GDP. ₹9.17 lakh crore (US$120 billion) (2020-21 est.)
What is NDP MP?
The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country’s capital goods.
What is the important distinction between GDP and NDP?
The main difference between GDP and NDP is that the GDP can be used in economic comparison with other countries, while NDP can never be used in such comparative studies. The value of GDP determines the health of the economy, while the value of NDP gives the amount of production to be increased to keep a healthy GDP.
Which is richest city in Madhya Pradesh?
List of cities in Madhya Pradesh by population
| Rank | Name | District |
|---|---|---|
| 1 | Indore | Indore district |
| 2 | Bhopal | Bhopal district |
| 3 | Jabalpur | Jabalpur district |
| 4 | Gwalior | Gwalior district |
What is the difference between GDP and net national income at factor cost?
Gross Domestic Product/Production includes all the income from the 3 sectors ( Primary ,secondary and tertiary ) of a country. This includes income generated within the country only. Whereas Net National Income at factor cost is GDP of a country including NFIA ( net factors income from abroad).
What is the difference between GDP (MP) and GDP (FC)?
Hence, GDP (MP) = GDP (FC) + Taxes – Subsidies. GDP at FC or Factor cost is measured as a payment made to the factors of production. Whereas GDP at MP or Market price is measured as a payment made by the consumers to purchase commodities. Thus, the difference between the two is the net indirect taxes (Indirect taxes paid – Subsidies received).
How do you calculate NNP FC from MP?
NDP Mp = GDPmp- depreciation NDP Fc = NDP mp – Net indirect taxes (indirect tax – subsidies) GDP Fc = NDP fc + depreciation NNP Fc = GDP mp – depreciation + Net factor income from abroad – Net indirect taxes
What is the difference between net national income and NFIA?
Whereas Net National Income at factor cost is GDP of a country including NFIA ( net factors income from abroad). NFIA is basically income from foreign or rest of the world. We also minus the depriciation and net indirect tax ( indirect tax -subsidiary ).