Addition to the stock of physical capital and changes in the inventory of a producer is known as:

1. Asset Appreciation.
2. Consumption.
3. Stock.
4. Investment.

When value of final goods and services are estimate at current price it is?

Choose the correct operation which will be adopted to arrive at GDP$_{MP}$ from NNP$_{MP}$.

An addition to the stock of physical capital and additional changes in the inventory of a producer is known as?

Arrange the following steps in sequence for estimating GNPMP in a particular year through the income method.

(A) Adding consumption of fixed capital and Net Indirect Taxes.

(B) Classify the economy into primary, secondary and tertiary sectors.

(C) Estimation of Factor income within domestic territory.

(D) Adding Net factor income from abroad.

Choose the correct statements:

(A) Intermediate goods are used as raw materials or inputs for production of other commodities.

(B) Consumer goods are consumed when purchased by their ultimate consumers.

(C) Intermediate goods crossed production process boundary.

(D) Capital goods have a durable character which are used in the production process.

Which of the following goods undergo wear and tear, thus gradually replaced over time?