GDP FC will be Rs 14,500.
Step-by-step explanation:
Formula for Gross Domestic Product at market price= Gross Domestic Product at factor cost + indirect taxes- subsidies.
In the above question Gross Domestic Product at market price is given that is Rs 15000 ,Net Indirect tax ( indirect tax - subsidy) that is Rs 500 has been given, to find the value of Gross Domestic Product at factor cost , we have to follow the procedure.
GDP MP= GDP FC+ NIT
15000=GDP FC+ 500
GDP FC= 15,000-500= 14,500