Match the following:

List-I (GNP) List-II (Formula)

a. GNP at factor cost 1. GNP at market prices - Indirect taxes + subsidies

b. GNP at market prices 2. GDP at market prices + Net Income from Abroad

c. GNP as per Expenditure method 3. Private consumption + Gross Domestic Private investment + Net foreign Investment + Government Expenditure on goods and services

d. GNP as per Income method 4. Wages and salaries + Rents + Interests + Dividends + Undistributed corporate profits + Mixed Incomes + Direct taxes + Indirect Taxes + Depreciation + Net Income from Abroad

A) a-1, b-2, c-3, d-4 B) a-4, b-1, c-3, d-2 C) a-3, b-1, c-2, d-4 D) a-3, b-4, c-2, d-1

Answer & Solution

Correct Answer: Option A

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List-I (GNP)	List-II (Formula)
a. GNP at factor cost	1. GNP at market prices - Indirect taxes + subsidies
b. GNP at market prices	2. GDP at market prices + Net Income from Abroad
c. GNP as per Expenditure method	3. Private consumption + Gross Domestic Private investment + Net foreign Investment + Government Expenditure on goods and services
d. GNP as per Income method	4. Wages and salaries + Rents + Interests + Dividends + Undistributed corporate profits + Mixed Incomes + Direct taxes + Indirect Taxes + Depreciation + Net Income from Abroad