Identify the correct formula of calculating of domestic income by Expenditure Method. Option 1: GDP_MP = PFCE + GFCE + NDCF - NE Option 2: GDP_MP = PFCE - GFCE + GDCF - NE Option 3: GDP_MP = PFCE + GFCE + GDCF + NE Option 4: GDP_MP = PFCE - GFCE - NDCF + NE

The answer is 'GDP_MP = PFCE + GFCE + GDCF + NE'. View full solution:

CUET Economics - Identify the correct formula of calculating of domestic income by Expenditure Method. | PYQs + Solutions

CUET Economics

Macro

Medium

$GDP_{MP} = PFCE + GFCE + NDCF - NE$

$GDP_{MP} = PFCE - GFCE + GDCF - NE$

$GDP_{MP} = PFCE + GFCE + GDCF + NE$

$GDP_{MP} = PFCE - GFCE - NDCF + NE$

✅ Correct Option: 3