Question

Last year for a nation to the south, net domestic product at factor cost equaled $3,300 billion. Indirect taxes minus subsidies equaled $200 billion, depreciation equaled $800 billion, the statistical discrepancy equaled zero, and net operating surplus equaled $150 billion. What is the GDP?

Answer 1

GDP mp = 4300

Step-by-step explanation:

Gross Domestic Product at Market Price = net domestic product at factor cost + depreciation - Net Indirect Tax (ie Indirect Tax - Subsidy)

GDP mp = NDP fc + dep + Nit (ie IT - sub)

GDP mp = 3300 + 800 + 200

GDP mp = 4300