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Calculate net domestic product at factor cost and gross national Disposable income

Answer. N N P f o = Wages and salaries +social security contribution by employers + rent and royalty+ profit+ interest- net factor income to abroad. =800+100+300+500+400-50. =Rs2050Arab. Also, Gross National Disposable Income= N N P f o+NIT-net current transfers to the rest of the world+consumption of fixed capital. =2050+250- (30)+200 N N P f o = Wages and salaries +social security contribution by employers + rent and royalty+ profit+ interest- net factor income to abroad =800+100+300+500+400-50 =Rs2050Arab Also, Gross National Disposable Income= N N P f o+NIT-net current transfers to the rest of the world+consumption of fixed capita Gross National Product at Factor Cost(GNP FC) = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Net Domestic Capital Formation + Consumption of Fixed Capital + Net Exports + Net Factor Income from Abroad - Net Indirect Taxe

3. From the following data, calculate (a) Gross Domestic Product at Factor Cost and (b) Factor Income To Abroad:[CBSE 2010] Ans: (a) NDPFC = Compensation of employees + Operating surplus (Profit + Rent + Interest) + Mixed income = (i) + P) + (v) + M] + 0 = 800 + [200 + 150 + 100 1 Answer. +1 vote. answered Jun 18, 2019 by Raees (73.7k points) selected Jun 20, 2019 by faiz. Best answer. GNP mp = NDPfc + Depreciation + NIT + NFIA. = 3000 + 200 + (300 -100) + ( - 150) = 3000 + 400 -150. = 3250 Computation of Gross National Disposable Income: Gross National Disposable Income = NNP FC + net Indirect Taxes + consumption of fixed capital - net current transfer to abroad = 685 + (120-20)+ 35 -(-15) = Rs 83

Calculate net domestic product at Factor cost and Gross National disposable income from the following data: ITEMS (Rs. in Crores) i. Net import. 20. Net National product at market price and Gross National disposable income fromthe following data : - ITEMS (Rs. in Crores) i. Undistributed profit . 20. ii. Compensation of employee. 800. iii. 9. Calculate Gross National Disposable Income from the following data (All India 2013) Ans. Gross National Disposable Income (GNDI) = Net Domestic Product at Factor Cost (NDP FC) + Consumption of Fixed Capital + Net Indirect Taxes (Indirect Taxes - Subsidies) - Net Factor Income to Abroad + Net Current Transfers from Rest of the Worl Calculate Net National Disposable Income From The Following Data: Gross domestic product at market price 1,000; Net factor income from abroad (-)20; Net indirect taxes 120; Consumption of fixed capital 100; Net current transfer from rest of the world 70; 2. Calculate Gross National Disposable Income The Following Data: (Rs. In Crores) National income (or NNPfc) 800; Net indirect taxes 10

1 Answer. 0 votes. answered Jun 28, 2018 by ujjawal (30.1k points) selected Jun 29, 2018 by rubby. Best answer. Gross National Disposable Income. = (i) + (vi) + (ii) - (vii) - (v) + (iii) =3,000 + 200 + 300 - 100 - 150 + 250. =Rs.3,500 crore GNP = GDP +Net Factor Income from Abroad (NFIA) From the aforementioned formula, we can calculate GDP as follows: GDP = GNP- NFIA. Net Domestic Product

Calculate 'Net Domestic Product at Factor Cost' and 'Gross

  1. 1 Answer. = Compensation of employees + Rent + Interest + Profits + Gross domestic capital formation - Net fixed capital formation - Change in stock. = Factor income from abroad - Net factor income for abroad Net factor income abroad = Gross national product at factor cost - Gross domestic product at factor cost
  2. NNP FC = Wages and salaries + Employers contribution to social security + Rent + Interest + Profit - Net factor income to abroad. Private Income = = NNP FC − (−Net factor income to abroad) − Income from NDP accruing to govt. − Net factor income to abroad + Net current transfers from govt. − Net transfers to abroad + Interest on national deb
  3. NDP FC = Wages and salaries + SSC by employer + Rent and interest + Dividend + Corporation tax + undistributed profit + mixed income. NDP FC = 1800 + 200 + 6000 + 80 + 120 + 400 + 1000. NDP FC = Rs 9600 Crore. NNP MP = NDPFC + NFIA + NIT. NNP MP = 9600 + (-70) + 100

Best answer. GNPMP= (iii+vi) + (vii) + (viii) + (iv+v) + (ix) + (xi) + (x) - (i) = (Wages and Salaries + Social security contributions by employers)+ Rent + Interest + (corporation tax + Profit after corporation tax )+ Mixed income of self-employed + Consumption of fixed capital + Net indirect taxes - Net factor income to abroad Gross Domestic Product (GDP) = Value of Final Output by people and businesses located within the United States, regardless of nationalityGross National Product (GNP) = Value of Final Output by Americans, regardless of geographic location; Net Domestic Product (NDP) = GDP - Capital DepreciationNational Income (NI) = Total Earnings by Americans for their land, labor, and capital, not including. (-) Net Indirect Taxes = Net Domestic Product at factor cost (NDPfc) (+) Net Factor Income from Abroad = National Income (NNPfc) (2). Income Method:-It is also called Distributed Share Method or Factor Payment Method. According to this method, national income is measured in terms of factor payment (wages. rent, interest and profit) to the. Net foreign factor income (NFFI) is the difference between a nation's gross national product (GNP) and gross domestic product (GDP). more Aggregate Demand Definitio GDP at FC = (i) + [ (ii) + (x)] + [ (iii) + (vi) + (viii)] + (xi) + (ix)= 6000 + [1800 + 200] + [400 + 120 + 80] + 1000 + 50= 6000 + 2000 + 600 + 1000 + 50 = Rs. 9650 cr.NNP at MP = GDP at FC + (iv) - (ix) - (vii)= 9650 + 100 - 50 - 70 = Rs.9630 cr

Calculate (A) Net Domestic Product at Factor Cost and (B

  1. us capital depreciation. Defining Net Domestic Product
  2. NNP MP =Private final consumption expenditure+ Government final consumption expenditure + (Net domestic fixed capital formation + Consumption of fixed capital)+ (Closing Stock - Opening Stock)+ (Exports - Imports) - Consumption of fixed capital - Net factor income to abroad = 600 + 100 + 80 + 40 + (10 - 20) + (50 - 60) - 40 - 30 = Rs 730 arab. Gross National Disposable Income = NNP MP - Net.
  3. Gross National Income (GNPFC) by Income Method = Rent + Compensation of employees + Interest + Profit + Factor income from abroad - Factor income to abroad + Consumption of fixed capital = 40 + 150 + 40 + 100 + 10 - 15+ 15 = 355 - 1
  4. If we deduct depreciation allowance from gross national product, we get Net National Product at current market price. Formula For Net National Product/National Income: NNP at Market Price = GNP at Market Price - Depreciation Depreciation Allowance and Maintaining Capital Intact
  5. Domestic product can be greater than national product, if the factor income paid to the rest of the world is greater than the factor income received from the rest of the world i.e, when net factor income received from abroad is negative
  6. 4. Calculate Net National Disposable Income from the following data. ITEMS Rs. crores a. Gross domestic product at MP 1000 b. Net factor income from abroad (-) 20 c. Net indirect taxes 120 d. Consumption of fixed capital 100 e. Net current transfers from abroad 50 Ans: NNDI = GDP MP - consumption of fixed capital + Net FIFA + Net current.

Scanner 42. Calculate (a) net domestic product at factor ..

Calculate 'Net National Product at Factor Cost' and 'Gross

  1. Calculate Gross National Disposable Income from the following data: Ans: GNDI = 1 + 5 + 2 + 3. 2000 + 250 + 200 + 100. GNDI = 2550 crores . 17. Calculate Net National Disposable Income from the Following Data: (Rs. In Crores) (1) The gross national product at factor cost 80
  2. Que.7 Calculate Gross National Product at market price and Personal Disposable income from the following data: (Rs crores) (i) Subsidy 20 (ii) Net factor income from abroad (-) 60 (iii) Consumption of fixed capital 50 (iv) Personal tax 110 (v) Savings of private corporations 40 (vi) Dividend 20 (vii) Indirect tax 100 (viii) Corporation tax 90 (ix) income of govt. sector 1,000 (x) National debt.
  3. al GDP estimates are used as a comparison between regions and countries
  4. From the following data calculate (a) GDPMP and (b) Factor income from abroad.Rs. (Crores)(i) Gross national product at factor cost 6150(ii) Net export (-) 50(iii) Compensation of Employees 3000(iv) Rent 800(v) Interest 900(vi) Profit 1300(vii) Net Indirect tax 300(viii) Net domestic capital formation 800(ix) Gross fixed capital formation 850(x) Change in stock 50(xi) Dividend 300(xi) Factor.
  5. e the GDP of a given country based on its income and expenditure. Simply choose the calculation approach you wish to employ, input the relevant information into the available fields, and click on the 'Calculate GDP' lin
  6. From the following data, calculate (a) Gross Domestic Product at Factor Cost. and (b) Factor Income To Abroad: 6(Rs. in 000 crore)(i) Compensation of employees 800(ii) Profits 200(iii) Dividends 50(iv) Gross national product at market price 1,400(v) Rent 150(vi) Interest 100(vii) Gross domestic capital formation 300(viii) Net fixed capital formation 200(ix) Change in stock 50(x) Factor income.

Important Questions for Class 12 Economics Methods of

  1. 1. National Income refers to net money value of all the final goods and services produced by the normal residents of a country during an accounting year. 2. Domestic Income refers to a total factor incomes earned by the factor of production within the domestic territory of a country during an accounting year. 3
  2. Net domestic product at market price = Net- national product at market price - Net factor income from abroad. 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. Besides the above four remuneration it also includes (i.
  3. Income method, also known as factor income method, is used to calculate all income accrued to the basic factors of production used in producing national product. Traditionally, there are four factors of production, namely land, labor, capital, and organization
  4. Net value added at factor cost is equal to the net domestic product at factor cost, as given by the total of items 1 to 4 of Table 2 (Rs. 45+3+4+8 crores=Rs. 60 crores). By adding indirect taxes (Rs 7 crores) and depreciation (Rs 8 crores), we get gross value added or GDP which comes to Rs 75 crores
  5. National Income and related aggregates Class 12 Numericals on Expenditure Method. The factor income earned by the factors of production is spent in the form of consumption expenditure and received back by the firms. The expenditure is made by the households, business firms, government and the foreign sector
  6. GDP = Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income Total National Income - the sum of all wages, rent, interest, and profits Net Profit Margin Net Profit Margin (also known as Profit Margin or Net Profit Margin Ratio) is a financial ratio used to calculate the percentage of profit a company produces from its total revenue

NCERT Solutions class 12 Economics National income accounting 8. Net National Product at Factor Cost of a particular country in a year is Rs 1,900 crores. There are no interest payments made by the households to the firms/government, or by the firms/government to the households. The Personal Disposable Income of the households is Rs 1,200 crores The calculated value of total amount of money earned on final goods within the boundary of the nation, exempting second hand goods, is called as National Income. We calculate national income mainly through Gross Domestic Product (GDP), Net Domestic Product (NDP), Gross National Product (GNP) and Net National Product (NNP) National Disposable Income = Net National Product at market prices + Other current transfers from the rest of the world. Private Income = Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world

(ii) Gross national product at market price: 400 (iii) Current transfers from government: 20 (iv) Net indirect taxes: 40 (v) Net current transfers from rest of the world (−) 10 (vi) Net domestic product at factor cost accruing to government: 50 (vii) Consumption of fixed capital: 7 2. From the following data calculate (a) Gross Domestic Product at Factor Cost , and (b) Gross Domestic Product at Market price Items Rupees in Crores Gross national product at factor cost 6,1500 Net exports (-)50 Compensation of employees 3000 Rent 800 Interest 900 Profit 1,300 Net indirect taxes 30 National Income Formula refers to the formula that is used in order to calculate value of total items manufactured in-country by its residents and income received by its residents and as per the formula, national income is calculated by adding together consumption, government expenditure, investments made within the country, its net exports i.e., exports minus imports, foreign production by. 1. GNP=GDP + Net factor income from abroad. 2. Net National Product at factor cost is National Income. 3. National Disposable Income=Net National product at market prices + other current transfers from the rest of the world. Which of the statements given above is/are correct? (a) 1 and 2 only. (b) 2 and 3only A. Net national product B. Net domestic product C. Gross national product D. Disposable income. 8. Consider the following statements and identify the right ones. i. While calculating GDP, income generated by foreigners in a country is taken into consideration ii

The net domestic product is defined as the net value of all the goods and services produced within a country's geographic borders. It is considered a key indicator of economic growth of a country. The net domestic product (NDP) is calculated by subtracting the value of depreciation of capital assets of the nation such as machinery, housing, and vehicles from the gross domestic product (GDP) ISC Economics Previous Year Question Paper 2012 Solved for Class 12 Maximum Marks: 80 Time allowed: 3 hours Candidates are allowed additional 15 minutes for only reading the paper. They must NOT start writing during this time. Answer Question 1 (Compulsory) from Part I and five questions from Part II. The intended marks for questions [ Gross domestic product (GDP) is the aggregate value of-all find goods and services produced within the domestic territory of a country during a year. GDP at market price is the money value of all domestic final gross output or product of a nation Question 8 I. Gross domestic product at factor cost (GDPfc) GDPmp = 60 200 + 48 120 + 55 280 + 42 200 = 205800 GDPfc = 205 800 + 0 - 0 = 205 800 II. Gross national product at factor cost (GNPfc) GNPfc = 205 800 + (-9600) = 196 200 III. National income = 196 200 - 12 900 = 183 300 IV. Disposable income = 183 300 - 30 700 - 38 000 = 114 60 National Income Calculator Enter the total consumption, government expenditures, investments, exports, imports, foreign production by national residents, and domestic product by non-residents to determine the national income of a country

NFIA= Net factor income from abroad. Net National Product (NNP) at MP: Is market value of net output of final goods and services produced by an economy during a year and net factor income from abroad Net foreign factor income (NFFI) is the difference between a nation's gross national product (GNP) and gross domestic product (GDP). NFFI is generally not substantial in most nations since. National income is the total value of the total output of a country, it includes all goods and services produced in one year. Disposable income is the amount available to a household for spending, investing, and saving after paying income tax. Input method, Output method, income method. It doesn't consider tax. It is calculated considering tax calculate GDP at market price and factor income from abroad 1 ) GDP AT FACTOR COST :- 6150 2 ) NET EXPORTS :- (-)50 3) COMPENTATION OF EMPLOYEES :- 3000 4) RENT :- 800 5) INTERESTS :- 900 6) PROFITS :- 1300 7) NET INDIRECT TAXES :- 300 8) NET - Economics - National Income Accountin 58,350. STUDY MATERIAL FOR CBSE CLASS 12 ECONOMICS. Chapter 1 - Aggregate Demand and Related Concepts. Chapter 2 - Balance of Payments. Chapter 3 - Banking: Commercial Banks and The Central Banks. Chapter 4 - Basic Concepts of Macroeconomics. Chapter 5 - Circular Flow of Income. Chapter 6 - Development: India and its neighbours

NCERT Solutions for Class 12 Macro Economics National

  1. 17 Gross National Product • Gross national product is defined as the sum of the gross domestic product and net factor incomes from abroad. Thus in order to estimate the gross national product of India we have to add net factor income from abroad - income earned by non-resident in India to form the gross domestic product of India
  2. Gross domestic product (GDP) is the broadest quantitative measure of a nation's total economic activity. Net domestic product (NDP) adjusts this figure by subtracting depreciation on the country's capital assets (housing, machinery and vehicles, for example). The depreciation is officially referred to as the capital consumption allowance
  3. Market Price is the price that customers actually pay. It includes the component of indirect taxes and of subsidies. Accordingly, when indirect taxes are deducted and subsides added to the market price, we get the value of national income at factor cost. MP = FC + Indirect taxes - Subsidies. GDP (Gross Domestic Product
  4. Gross domestic product measures the value of goods and services produced within a country; the measurement includes national output, expenditures, and income. GNI equals GDP plus wages, salaries, and property income of the country's residents earned abroad and at home
  5. Check the below NCERT MCQ Questions for Class 12 Economics Chapter 2 National Income Accounting with Answers Pdf free download. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. We have provided National Income Accounting Class 12 Economics MCQs Questions with Answers to help students understand the concept very well
  6. us the depreciation of fixed capital assets (dwellings, buildings, machinery, transport equipment and physical infrastructure) through wear and tear and obsolescence
  7. A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income (NNI* adjusted for natural resource depletion)

NNP = Gross National Product - Depreciation. Let's assume Country XYZ's companies, citizens and entities produce $1 trillion worth of goods and $3 trillion worth of services this year. The assets used to produce those goods and services depreciated by $500 billion. Using the formula above, Country XYZ's NNP is Many questions related to India's economy are asked in almost every competitive exam held in India. In this set, 11 important questions based on India's Gross Domestic Product (GDP) are published National Income - Meaning, Concepts, Aggregates, Methods. National income is the sum total of money value of all the final goods and services produced within the domestic territory of a country in an accounting year plus the net factor in come from abroad. National Income = Value of Goods + Value of Service + Net Factor Income from Abroad

National income aggregates : (1) GDP at market price : The market value of all final goods & services produced during a year within the domestic territory of the country . There are 3 important observation related to this -. (a) It is a Gross Product which means it includes depreciation in it. (b) It is a Domestic Product because it includes. Net Domestic Product A country or other geographical unit's gross domestic product less the collective depreciation on its capital assets. For example, the net domestic product may calculate the depreciation on all the factories in a country. In order for an economy to grow, the gross domestic product must exceed the net domestic product; otherwise. Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing living.

Calculate Gross National Disposable Income from the

Private income = NNP - Net domestic product at factor cost accruing to government + Transfer payments + National debt interest = 730 - 25 + (10+5) + 15 = 760 - 25 = 735 crores. Question 10. Providing the reason, explain whether the following are included in the domestic product of India. Profits earned by a branch of the foreign bank in Indi Extra credit question: Below the B-level students find one problem for extra credit. The economic growth students find 2 problems that give extra credit if handed in. Topics: Based on chapters in the textbook by Mankiw 1.Introduction 2. National income accounting 3. Aggregate supply: Factor markets 6. The labor market Appendix 8 Distinguish between Gross National and Gross Domestic products and account for the lower values of the former in developing economies. Date posted: February 7, 2019. Answers (1) Given the following data in millions of shillings pertaining to an economy, determine Net National and Gross National Product Values. National income: 3,387 Indirect.. 1. The production power data of the economy A is as follows Variable Value Variable Consumption 8000 Wage Corporate Taxes 2250 Profit Direct Taxes 1000 Rent Indirect Taxes 2500 Interest Transfers 750 Factor Payments Subsidies 1500 Factor Income Social Security Payments 1500 Gross Investment Retained Earnings 1000 Net Investment Value 6250 2500 3500 2750 5000 3000 3000 1000 Assume the economic. -personal income=gross domestic income+government transfer payment-depreciation-indirect business taxes-corporate taxes and retained earnings-social security contributions-personal disposable income=personal income-personal income taxes and nontax payments-gdp=consumption+gross private domestic income+government spending+exports-imports-ni=ndp.

Important Questions for Class 12 Economics National Income

Net income of foreigners: This refers to the income that domestic citizens earn abroad subtracted from the income a foreigner earns domestically. Gross domestic product as a comparison of living standards. Typically, nominal GDP estimates are used as a comparison between regions and countries In national-income accounting, the concept of net domestic income is useful because it a. Does not include inventory investment. b. Includes government transfer payments. c. Includes all goods produced but not exchanged in markets. d. Excludes the value of output that is used as replacement investment. e. Represents national income plus. Net foreign factor income (NFFI) is the difference between a nation's gross national product (GNP) and gross domestic product (GDP). more Gross National Product (GNP) Deflator Definitio Free PDF download for NCERT Solutions for Class 12 Macro Economics -National Income and Related Aggregates to score more marks in exams, prepared by expert Subject teachers from the latest edition of CBSE/NCERT books, NCERT Solutions . (Updated for 2021-2022) Board Exams Score high with CoolGyan and secure top rank in your exams Gross disposable household income The amount of money that that all of the individuals in the household sector have available for spending or saving after income distribution measures (for example, taxes, social contributions and benefits) have taken effect

Calculate national income and gross national disposable

How Does Net Domestic Product (NDP) Work? Gross domestic product (GDP) is the broadest quantitative measure of a nation's total economic activity. Net domestic product (NDP) adjusts this figure by subtracting depreciation on the country's capital assets (housing, machinery and vehicles, for example). The depreciation is officially referred to as the capital consumption allowance Start studying Chapter 20. Learn vocabulary, terms, and more with flashcards, games, and other study tools

(2) National Product at market price is the value of final goods & services produced by normal residents of a country calculated at market price. National Product at factor cost expresses National Product as the sum of all factor payments i.e. wages, interest, rent & profit. The difference b/w market price & factor cost is net indirect taxes (NIT National income at factor cost means the sum of all incomes earned by resources suppliers for their contribution of land, labor, cap ital, and organizational ability which go into the years net p. Gross domestic product at factor cost Answer: DGP FC = GDPMP + Subsidy - Indirect Tax = RM3450 + 50 -30 = RM3470 million c. Gross national product at factor cost Answer: GNP FC = GDP FC + Net Factor Income from abroad = RM3470 + (90 - 80) = RM3480 million d. National income Answer: NI = GNP FC - Depreciation = RM3480 - 40 = RM3440 millio

Eco.edu: NUMERICAL PROBLEMS OF NATIONAL INCOM

Gross Domestic product is the value of goods and services produced in the country during a year minus the value of inputs. GDP = Total value of all the goods and services produced value of inputs. Difference in GDP and GNP :-Gross national product represent Gross Domestic product Plus (+) net factor income/payments from to abroad Figure 3.1 above shows a comparison of Gross Domestic Product, Modified GNI and Net National Income from 2009 to 2017. Net National Income is equal to Gross National Income net of all depreciation. norma GDP stands for Gross Domestic Production. It refers to the value of money in your local currency of all goods and services in your country in a certain period of time. This is very important in the running of development projects and the organization of a country's economy. In many countries, gross domestic product is calculated quarterly and then for the whole year

Important Questions for Class 12 Economics National Income

Notes of National Income Accounting Class 12 Chapter 2

Net could be used for all indicators but usually just NNP depreciation shows how much of the total output we should be setting aside to maintain the production capacity; Net national income (or product) at factor cost (NNI Gross National Product and Gross Domestic Product. For some purposes we need to find the total income generated from production within the territorial boundaries of an economy irrespective of whether it belongs to the inhabitants of that nation or not. Such an income is known as Gross Domestic Product (GDP) and found as

Calculation of Gross National and Gross Domestic Product

Gross national income (GNI) is defined as gross domestic product, plus net receipts from abroad of compensation of employees, property income and net taxes less subsidies on production. Find, compare and share OECD data by indicator Personal Disposable income(PDI):- When personal direct taxes are subtracted from personal income, the obtained value is called personal disposable income. Symbolically, PDI = PI - Direct taxes PDI = Consumption + Saving 6. National Income(NI) When NNP is calculated at Factor Cost (FC) it is called national income In the March quarter 2020 issue of Australian National Accounts: National Income, Expenditure and Product, the ABS advised that the method used to produce seasonally adjusted estimates would be changed from the 'concurrent' method to the 'forward factors' method for series with significant and prolonged impacts from COVID-19 National Income at Factor cost NI at factor cost refers to all incomes earned by resource owners (factors of production) for their contribution to the production of different goods & services in a year NI = NNP - Indirect Taxes + Subsidies This concept throws light on the distribution side of national output 11

From the following data, calculate (a) Gross Domestic

Definition: Net National Income is Gross National Income or Gross National Product less depreciation. Description: Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income from abroad.It measures the monetary value of all the finished goods and services produced by the country's factors of production irrespective of their location

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