Arrange the following steps in sequence for estimating GNP_MP in a particular year through the income method.

(A) Adding consumption of fixed capital and Net Indirect Taxes.
(B) Classify the economy into primary, secondary and tertairy sectors.
(C) Estimation of Factor income within domestic territory.
(D) Adding Net factor income from abroad.

Choose the correct answer from the options given below:

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

The correct answer is Option (3) → (B), (C), (A), (D)

• (B) Classify the economy into primary, secondary, and tertiary sectors. → This is the first step, as it helps organize data by sector for income estimation.

• (C) Estimate factor income within the domestic territory. → This gives Net Domestic Product at Factor Cost (NDPFC).

• (A) Add consumption of fixed capital (depreciation) and Net Indirect Taxes. → This converts NDPFC → GDPMP.

• (D) Add Net Factor Income from Abroad (NFIA). → This converts GDPMP → GNPMP.