Find NDPfc. Why is residential construction investment not considered?
Dear Student
NDP(at factor cost) is already given in the solution.
Residential Construction is not included because it is the expenditure on building own house which is already a part of gross domestic fixed investment which is included while calculating GDP.
Regards
NDP(at factor cost) is already given in the solution.
Residential Construction is not included because it is the expenditure on building own house which is already a part of gross domestic fixed investment which is included while calculating GDP.
Regards