Arrange the following statements in the context of the calculation of Gross National Product at Market price.

(A) Add Net factor income from abroad.
(B) Calculate values of output.
(C) Determine sales for the country.
(D) Deduct intermediate consumption.

Choose the correct answer from the options given below:

(C), (B), (D), (A)

The correct answer is Option (4) → (C), (B), (D), (A)

To calculate Gross National Product at Market Price (GNP at MP), we follow these steps in the correct logical and chronological order:

(C) Determine sales for the country: Begin by identifying the total sales/output produced within the country by both domestic and foreign entities.

(B) Calculate values of output: After determining sales, the full value of output for the entire economy is calculated. This includes sales plus the change in stocks (inventory) of producers.

(D) Deduct intermediate consumption: To avoid double counting, subtract the value of intermediate goods used in production. This gives yu the Gross Value Added (GVA) or Gross Domestic Product (GDP) at market price.

(A) Add Net Factor Income from Abroad (NFIA): Finally, to convert GDP at MP to GNP at MP, add the net factor income received from abroad (i.e., income earned by nationals from abroad minus income paid to foreigners domestically).