Home
Class 12
ECONOMICS
Why is gross domestic product at factor ...

Why is gross domestic product at factor cost more than the net domestic product at factor cost ?

Text Solution

Verified by Experts

The correct Answer is:
Gross domestic product at factor cost includes depreciation while net domestic product at factor cost does not include depreciation.
Promotional Banner

Topper's Solved these Questions

  • NATIONAL INCOME AND RELATED AGGREGATES

    SANDEEP GARG|Exercise Short Answer Type Questions|5 Videos
  • NATIONAL INCOME AND RELATED AGGREGATES

    SANDEEP GARG|Exercise Long Answer Type Questions|2 Videos
  • NATIONAL INCOME AND RELATED AGGREGATES

    SANDEEP GARG|Exercise Revision Exercise(Multiple choice questions)|13 Videos
  • MONEY

    SANDEEP GARG|Exercise Example|1 Videos
  • REVISION SECTION SCANNER

    SANDEEP GARG|Exercise CBSE Examination Paper -(2018-19) CLASS-XII|12 Videos

Similar Questions

Explore conceptually related problems

Calculate net domestic product at factor cost :

Calculate Net Domestic Product at Factor Cost :

Calculate Net Domestic Product at Factor Cost :

Calculate Net Domestic Product at Facotr Cost.

Calculate gross domestic product at market price and gross national product at factor cost :

National product at factor cost is equal to