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What is GDP at FC?
GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes
What gets included and excluded when calculating GDP?
total income and total expenditure are included when calculating GDP.
If intermediate goods are included in GDP what would happen to the GDP?
the GDP would be overstated
What is included in GDP and what is excluded from GDP?
GDP is the value of all the goods and services produced in the country in one year. Money earned outside of the country is not included.
Are government subsidies included in GDP?
yes
What is GDP at FC?
GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes
What gets included and excluded when calculating GDP?
total income and total expenditure are included when calculating GDP.
If intermediate goods are included in GDP what would happen to the GDP?
the GDP would be overstated
What is included in GDP and what is excluded from GDP?
GDP is the value of all the goods and services produced in the country in one year. Money earned outside of the country is not included.
Are government subsidies included in GDP?
yes
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
What does the difference between these three countries' overall GDP rankings and per capita GDP rankings tell you?
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Difference between GDP at market price and GDP at factor price?
There is one important difference that arises when calculating the level of GDP from the spending side of the economy rather than summing the values added in production. This difference arises because the price paid by consumers for many goods and services is not the same as the sales revenue received by the producer. There are taxes that have to be paid, which place a wedge between what consumers pay and producers receive. Taxes attached to the transactions are known as indirect taxes. Thus, if a consumer pays $100 for a meal in a restaurant the owner may receive only $85.10, the remaining $14.90 will go to the government in the form of VAT. The term factor cost or basic price is used in the national accounts to refer to the prices of products as received by producers . Market prices are the prices as paid by consumers. Thus, factor cost or basic prices are equal to market prices minus taxes on products plus subsidies on products. Vinita trinibabygirl_15@hotmail.com The concept of GDP at basic prices differs from the concept of GDP at factor costs in that the former includes net indirect taxes (indirect taxes less subsidies) attached to factors of production. For example, whereas property taxes, capital taxes and payroll taxes were not included in the valuation of GDP at factor costs, they are included in the valuation of GDP at basic prices. These production expenses are included in GDP at basic prices, subtracting from them any subsidies attached to factors of production, such as subsidies allocated for job creation and training. SAM SJMSOM, IIT Bombay (2008-2010) sameerkalra86@yahoo.com
Corporate bond interest included in this years GDP?
No
Is Social security payments received by a retired factory worker included in this year's GDP?
Answering "Is Social security payments received by a retired factory worker included in this year's GDP?"
How are used goods counted in the GDP?
used good sales are not included in GDP, because it is treated as asset transfer.
Is accumulation of inventories by firms is included in measuring GDP?
no....i think the change in inventory is included but not accumulation..
