Calculate Gross Domestic Product at Market Price

CBSE Class 12 CBSE Class 12 Economics
,
1

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

2

(a) $ND{{P}{FC}}$ = Compensation of Employees + Rent+ Interest + Profits = 1000 +150+250 + 400 =
Rs. 1800 crore
$GD{{P}{MP}}$ =
$ND{{P}{FC}}$ + Net Indirect Taxes + Depreciation = 1800 +100 + (220 -170) = Rs. 1950 crore
(b) $GN{{P}{FC}}$ =
$GD{{P}_{MP}}$ - Net Indirect Taxes

  • (Factor Income from Abroad - Factor Income to Abroad)
    1850 = 1950 -100 + (30 - Factor Income to Abroad) Factor Income to Abroad =1880 -1850 = Rs. 30 crore