By the Expenditure Method: GDPMP=PFCE+GFCE+GDCF+NetExports, where PFCE is private final consumption expenditure, GFCE is government final consumption expenditure, GDCF is gross domestic capital formation, and NE is net exports. All four components are added together. Hence option 3 is correct.
Identify the correct formula of calculating of domestic income by Expenditure Method.
CUET UG 2023 — Economics Macro
2023mcqmedium
Identify the correct formula of calculating of domestic income by Expenditure Method.
Official previous-year question
Verified 13 Jul 2026.
Options
- A
GDPMP=PFCE+GFCE+NDCF−NE
- B
GDPMP=PFCE−GFCE+GDCF−NE
- C
GDPMP=PFCE+GFCE+GDCF+NE
- D
GDPMP=PFCE−GFCE−NDCF+NE
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