Formula for calculating gross value added at market price and gross value added at factor cost
Dear Student,
The following are the three formulas for estimating GDPmp.
1. GDPmp = Gross Value Added by the Primary sector + Gross Value Added by the Secondary sector + Gross Value Added by the Tertiary sector
2. GDPmp = Compensation of Employees + Operating Surplus + Mixed Income of Self-employed + Net indirect taxes + Depreciation
3. GDPmp = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Fixed Capital Formation + Change in Stock + Net Exports
The following are the three formulas for estimating GDPfc.
1. GDPfc = Gross Value Added by the Primary sector + Gross Value Added by the Secondary sector + Gross Value Added by the Tertiary sector - Net Indirect taxes
2. GDPfc = Compensation of Employees + Operating Surplus + Mixed Income of Self-employed + Net indirect taxes + Depreciation - Net Indirect taxes
3. GDPfc = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Fixed Capital Formation + Change in Stock + Net Exports - Net Indirect taxes
In case of any doubts, do get back to us.
The following are the three formulas for estimating GDPmp.
1. GDPmp = Gross Value Added by the Primary sector + Gross Value Added by the Secondary sector + Gross Value Added by the Tertiary sector
2. GDPmp = Compensation of Employees + Operating Surplus + Mixed Income of Self-employed + Net indirect taxes + Depreciation
3. GDPmp = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Fixed Capital Formation + Change in Stock + Net Exports
The following are the three formulas for estimating GDPfc.
1. GDPfc = Gross Value Added by the Primary sector + Gross Value Added by the Secondary sector + Gross Value Added by the Tertiary sector - Net Indirect taxes
2. GDPfc = Compensation of Employees + Operating Surplus + Mixed Income of Self-employed + Net indirect taxes + Depreciation - Net Indirect taxes
3. GDPfc = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Fixed Capital Formation + Change in Stock + Net Exports - Net Indirect taxes
In case of any doubts, do get back to us.