GDP at Market Price

GDP at factors cost

1. It is the gross value of domestic product at market price within the domestic territory of the country during a year.

1. It is the money value of all final goods and services produced within domestic territory counted in terms of factors cost of production.

2. GDPMP = C + I + G + (X  M)

2. GDPFC = C + I + A + (X  M)  Indirect taxes subsidies.

3. It icludes two types i.e. limited legal tender and unlimited legal tender.

3. It can be drawn as per requirement of amount of transactions.

4. Non acceptance result in punishment.

4. Non acceptance does not result in punishment.

[SSC BOARD PAPERS] [HSC BOARD PAPERS] ENGLISH (SSC) ENGLISH (HSC) ACCOUNTS OCM ECONOMICS SP SCIENCE MATHS I (ALGEBRA) MATHS II (GEOMETRY) HISTORY GEOGRAPHY POLITICAL ECONOMICS ICT HSC MATHS GRAMMAR PHYSICS CHEMISTRY BIOLOGY COMPUTER SCIENCE
Gross domestic products at market price and Gross domestic product at factor cost.
Subscribe to:
Post Comments (Atom)
OMTEX VIDEOS PLAYLIST
MATHS PART ONE SSC 10TH STANDARD VIDEO MAHARASHTRA ENGLISH MEDIUM
EXPLANATION IN HINDI 16 GB MEMORY CARD
INSERT AND WATCH VIDEOS IN YOUR MOBILE
CHAPTERS COVERED
1. LINEAR EQUATIONS IN TWO VARIABLES
2. QUADRATIC EQUATIONS
3. ARITHMETIC PROGRESSION
4. FINANCIAL PLANNING
5. PROBABILITY
6. STATISTICS
VIDEO LECTURES OF (MATHS I) SSC NEW SYLLABUS.
Linear Equations in Two Variables