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IN SANDEEP GARG, at one place its written that sum of value added= sum of factor incomes. but some of factor income = GDPFC isnt it?

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IN SANDEEP GARG, at one place its written that sum of value added= sum of factor incomes. but some of factor income = GDPFC isnt it?
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Solution 1

Yes, you are correct. The sum of value added at each stage of production is indeed equal to the sum of factor incomes, which is also known as Gross Domestic Product at Factor Cost (GDPFC).

Here's a step-by-step explanation:

  1. Value Added: This is the increase in value that a firm contributes to Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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