Net Indirect tax refers to :

The tea leaves purchased by the consumer, are brewed to make drinkable tea. This is an example of:

What is the nominal GDP in 2021?

There are 2496 students in a school as on 1st April 2023. During the session, there were 186 new admissions whereas 43 students withdrew from the school. At the end of the session, there were 2539 students in the school, out of whom 1800 were boys and the rest were girls. In this case, which of the following figures represent a flow variable?

Gross Domestic Product at Market Price is the?

1. Gross Domestic Product at market price less net product taxes.
2. Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year.
3. Expenditure to maintain the current GDP level.
4. Income earned by factors in the form of interest, profit, wages within the domestic territory of a country.

Which of the following are true about national income and related aggregates?

(A) National income includes factor income earned from abroad but does not include factor income paid abroad.

(B) Domestic income does not include factor income earned from abroad but includes factor income paid to abroad

(C) Domestic income include both factor income earned from abroad and factor income paid to abroad

(D) National income can never be smaller than domestic Income.

Choose the correct answer from the options given below:

Choose the correct sequence to arrive at $NNP_{FC}$ using value added method.

(A) $GDP_{MP}$ - Depreciation

(B) $NDP_{MP}$ - Net Indirect Taxes

(C) Value of output - Intermediate cost

(D) Domestic income + Net factor income from abroad

Choose the correct answer from the options given below :