CA Foundation Exam > CA Foundation Questions > Which of the following is not correct?a)NNPMP...
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Which of the following is not correct?
- a)NNPMP = GNPMP - depreciation
- b)NNPMP = NNPFC+ net indirect taxes
- c)GDPMP+.NFIA
- d)NDPFC = GDPFC- depreciation
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NN...
Explanation:
The given options are related to national income accounting, which is used to measure the economic performance of a country. The correct relation among the national income accounting variables is:
GDPMP = GNPMP - NFI
where GDPMP is the gross domestic product at market prices, GNPMP is the gross national product at market prices, and NFI is the net factor income from abroad.
Let's analyze each option to find out the incorrect one:
a) NNPMP = GNPMP - depreciation
This equation is correct, where NNPMP is the net national product at market prices. It is the GNPMP minus depreciation. Depreciation is the decrease in the value of fixed assets due to wear and tear or obsolescence.
b) NNPMP = NNPFC + net indirect taxes
This equation is also correct, where NNPFC is the net national product at factor cost, and net indirect taxes are the indirect taxes minus subsidies. The factor cost is the cost incurred by the producer in producing a product or service.
c) GDPMP . NFI
This equation is incorrect because it does not represent any valid relation between the national income accounting variables. The dot (.) symbol is not a valid operator in national income accounting.
d) NDPFC = GDPFC - depreciation
This equation is correct, where NDPFC is the net domestic product at factor cost, and GDPFC is the gross domestic product at factor cost. The NDPFC is the GDPFC minus depreciation.
Therefore, option (c) is the incorrect one.
The given options are related to national income accounting, which is used to measure the economic performance of a country. The correct relation among the national income accounting variables is:
GDPMP = GNPMP - NFI
where GDPMP is the gross domestic product at market prices, GNPMP is the gross national product at market prices, and NFI is the net factor income from abroad.
Let's analyze each option to find out the incorrect one:
a) NNPMP = GNPMP - depreciation
This equation is correct, where NNPMP is the net national product at market prices. It is the GNPMP minus depreciation. Depreciation is the decrease in the value of fixed assets due to wear and tear or obsolescence.
b) NNPMP = NNPFC + net indirect taxes
This equation is also correct, where NNPFC is the net national product at factor cost, and net indirect taxes are the indirect taxes minus subsidies. The factor cost is the cost incurred by the producer in producing a product or service.
c) GDPMP . NFI
This equation is incorrect because it does not represent any valid relation between the national income accounting variables. The dot (.) symbol is not a valid operator in national income accounting.
d) NDPFC = GDPFC - depreciation
This equation is correct, where NDPFC is the net domestic product at factor cost, and GDPFC is the gross domestic product at factor cost. The NDPFC is the GDPFC minus depreciation.
Therefore, option (c) is the incorrect one.
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Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NN...
C) is coorect option because...NFIA can never be in points alike in option(.NFIA)
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Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer?
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