Caculate net national product at market …

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Caculate net national product at market price by income method and expenditure method Item. RS in cr wages and salaries. 750 Rent. 150 Private final consumption expenditure. 680 Net indirect tax. 120 Profit. 350 Royalty. 100 Govt final consumption expenditure. 1350 Net import. 80 Social security contribution by employers. 110 Social security contribution by employers .90 Consumption on fixed capital. 170 Net factor income to abroad. -20 Interest. 450 Gross domestic capital formation. 250

Posted by Harshika Singh 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Harshil Siddhapura 7 years, 11 months ago

By income method:- NDP at factor cost = rent + profit + royalty + wages and salaries + social security contribution by employees + interest. NDPfc = 150 + 350+100+750+110+450=1910cr NNPfc = NDPfc +Net factor income from abroad NNPfc = 2000+(-20)=1890cr NNP at market price = NNPfc + net indirect taxes NNPmp = 1980 + 120=2010 cr By expenditure method:- GDPmp = Pvt final consumption expenditure + govt final consumption expenditure + domestic capital formation - net import GDPmp = 680+1350+250-80 = 2200cr NNPmp= (GDPmp - consumption of fixed capital)+ net factor income from abroad NNPmp = (2200-170)+(-20) = 2010cr

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