Calculate Gross Domestic Product

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 following data:

2

(a) ND${{P}_{FC}}$ = Compensation of Employees

  • (Rent + Interest + Profit) =3000 +800 +900 +1300 = Rs.6000 crore
    GD${{P}{MP}}$ =
    ND${{P}    {FC}}$ + Net Indirect Taxes + Depreciation = 6000 + 300 + 400 = 6300 + 400 = Rs. 6700 crore
    (b) GN${{P}{FC}}$ =
    GD${{P}    {MP}}$ - Net Indirect Taxes + (Factor Income from Abroad - Factor Income to Abroad) 6150 = 6700-300 +(Factor Income from Abroad - 80)
    6150 = 6400 + (Factor Income from Abroad - 80) =>6150 = 6320 + Factor Income from Abroad
    Factor Income from Abroad = (6150-6320) crore = - Rs. 170 crore