NDPfc:- Net Domestic Income or Net Domestic Product at factor Cost
(NDPfc) is the sum total of factor incomes (rent + profit + wages + interest) generated within the domestic territory of a country during a year.
NDPfc = NDP mp – Net Indirect taxes
Or
NDPfc = NDPmp - Indirect tax + subsidy
GDPfc: Gross Domestic product at factor cost (GDPfc) is the sum total of factor incomes (rent + interest + profit + Wages) generated within the domestic territory of a country, along with consumption of fixed capital during a year.
GDPfc = NDPfc + Depreciation
Or
NDPfc = GDPfc – Depreciation