Match List-I with List-II

List-I	List-II
(A) Gross Domestic Product at Market Price	(I) NDPMP - Net Product Taxes - Net Production Taxes
(B) Net Domestic Product at Factor Cost	(II) GVA at basic prices - Net Production Taxes
(C) GVA(Gross Value Added) at factor cost	(III) C+I+G+(X-M)
(D) Gross National Product at Factor Cost	(IV) GNPMP - Net Product Taxes - Net Production Taxes

Choose the correct answer from the options given below:

(A) - (III), (B) - (I), (C) - (II), (D) - (IV) -> Let's match each concept correctly:

(A) Gross Domestic Product at Market Price (GDPMP) = C + I + G + (X - M), which is the expenditure method formula representing Consumption + Investment + Government Spending + Net Exports → matches with (III).

(B) Net Domestic Product at Factor Cost (NDPFC) = NDPMP - Net Product Taxes - Net Production Taxes. This removes indirect taxes from NDPMP to get factor cost → matches with (I).

(C) GVA (Gross Value Added) at Factor Cost = GVA at basic prices - Net Production Taxes. This converts GVA from basic prices to factor cost by removing production taxes → matches with (II).

(D) Gross National Product at Factor Cost (GNPFC) = GNPMP - Net Product Taxes - Net Production Taxes. Similar to NDPFC, this removes indirect taxes from GNPMP → matches with (IV).

The key distinction is that GDP measures domestic production while GNP includes net factor income from abroad. Market price includes taxes while factor cost excludes them. -> correct