SarkariPYQ

SSC CHSL 2022 PYQ — Question 42

SSC CHSL - 30 May 2022 - Shift 1 • General Awareness • Q42

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NDP at FC = GDP at FC minus ____________.

Show answer & explanation

Correct answer: A

Explanation

The correct answer is option 1 i.e. depreciation.

  • It is calculated by subtracting depreciation from the gross domestic product (GDP). 
  • Net Domestic Product at factor cost (NDP at FC) is the income earned by the factors in the form of wages, profits, rent, interest etc. within the domestic territory of a country. 
  • GDP at factor cost measures the cost to businesses to employ the four factors of production.