GDP at factor cost is
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GDP at factor cost is

GDP at factor cost is
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GDP at factor cost is

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Gross Domestic Product at factor cost is the sum of total earnings received by various factors of production in terms of wages, interest, rent, profits etc within domestic territory of a country during a year.

If we deduct Net Indirect Taxes from Gross Domestic Product at market prices, we got Gross Domestic Product at factor cost. Thus, GDPFC = GDPmp - Net Indirect Taxes

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