Identify the correct formula of calculating of domestic income by Expenditure Method.

$GDP_{MP}=PFCE +GFCE+NDCF+NE$

The correct answer is option (3) :$GDP_{MP}=PFCE +GFCE+NDCF+NE$

Where :

-PFCE represents Private Final Consumption Expenditure, which is the total value of goods and services consumed by households.

- GFCE represents Government Final Consumption Expenditure, which is the total value of goods and services consumed by the government.

- NDCF represents Net Domestic Capital Formation, which includes investments in fixed assets such as machinery, buildings, and infrastructure.

- NE represents Net Exports, which is the value of exports minus the value of imports.

By adding these components together, the formula calculates the Gross Domestic Product at market prices. GDPMP providing a comprehensive view of the total expenditure on final goods and services within the domestic economy.