0
What is the difference between GNP at market price and GNP at factor cost?
Wiki User
∙ 13y ago
GNP at factor cost refers to income which the factors of production receive in return for their service alone.
GNP at FC = GNP at Market Price - Net Indirect Taxes + Subsidies
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the difference between GNP at market price and GNP at curent price?
No difference. Both are the same.
What is the difference between administered prices and market prices?
administered price means price set by a body outside of the market..And market price is a price set up on basis of demand and supply.
What is the difference between extension and contraction?
Extension is when the price goes up and no other factor changes. Contraction is when the price goes down and no other factor changes.
Explain the difference between market price and normal price?
Price is the value or worth of a product or service and when you say price then it vehicle the normal price of a product or a service which a company charges. On the other hand, market price is the price of a product or service which is contained by a marketplace and is resulted through market efficiency, equilibrium and normal expectations. Normal price can be lesser, equal or greater than the market price. If most of the companies in an industry charge open market prices for the products or services then competition is high in that specific industry.
What is customer surplus and producer surplus?
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
What is the difference between GNP at market price and GNP at current price?
No difference. Both are the same.
What is the difference between GNP at market price and GNP at curent price?
No difference. Both are the same.
What is the difference between administered prices and market prices?
administered price means price set by a body outside of the market..And market price is a price set up on basis of demand and supply.
What is the difference between extension and contraction?
Extension is when the price goes up and no other factor changes. Contraction is when the price goes down and no other factor changes.
Explain the difference between market price and normal price?
Price is the value or worth of a product or service and when you say price then it vehicle the normal price of a product or a service which a company charges. On the other hand, market price is the price of a product or service which is contained by a marketplace and is resulted through market efficiency, equilibrium and normal expectations. Normal price can be lesser, equal or greater than the market price. If most of the companies in an industry charge open market prices for the products or services then competition is high in that specific industry.
What is customer surplus and producer surplus?
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
When calculating the cost of capital how should the share premium be calculated?
share premium could be calculated as by getting the difference between the market price of the share and its nominal price. Formula: Share Premium= Market Price - Nominal Price
What is the difference between supply schedule and market schedule?
A table which contains values for the price of a good and the quantity that would be supplied at that price. A market demand schedule is a table that lists the quantity of a good all consumers in a market will buy at every different price.
What is the difference between an imperfect and perfect market?
Perfect markets refer to markets where there is competition and sellers are price takers. An imperfect market refers to markets that have a dominant seller and they are able to set the price.
What is the difference between value and cost?
value is the market price of an item cost in the expense incurred to obtain an item
What is Factor Market?
The market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor.
What is the difference between actual jewelry value and appraisal?
The actual value of a piece of jewelry is the current price the market will determine if the jewelry is sold today. An appraisal is an estimated price the jewelry will sell for if the market and demand is ideal.
