Calculate Factor income from abroad from the folio wing data:

CBSE Class 12 CBSE Class 12 Economics
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1

Calculate (a) Gross Domestic Product at Market Price and (b) Factor income from abroad from the folio wing data:

2

(a) $GD{{P}_{MP}}$ = Compensation of Employees + Rent + Interest + Profit

  • Net Indirect Taxes + Consumption of Fixed Capital = 3000+ (800+ 900+ 1300)+ 300 + (850 + 50 - 800) = Rs 6400 crore
    Note Depreciation = Gross Domestic Fixed Capital Formation + Change in Stock - Net Domestic Capital Formation
    (b) $GN{{P}_{FC}}$ = GDPMP - Net Indirect Taxes + Factor Income from Abroad - Factor Income to Abroad => 6150 = 6400 - 300 + Factor Income from Abroad - 80
    =6150 =6020 + Factor Income from Abroad
    = Factor Income from Abroad = 6150 - 6020 = Rs 130 crore