Calculate the Gross National Product at Market Price,

CBSE Class 12 CBSE Class 12 Economics
,
1

Calculate:
(a) Gross National Product at Market Price
(b) Net National Disposable Income

2

(a) Gross National Product at Market Price ($GN{{P}_{MP}}$ )
= Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Fixed Capital Formation + Change in Stock + Net Export

  • Net Factor Income to Abroad
    = 3000 + 800 + 600 + (-20) + (- 200) -100 = 4400-320 = Rs. 4080 crore
    (b) Net National Disposable Income = $GN{{P}_{MP}}$ - Depreciation + Net Current Transfers from Rest of the World
    = 4080 - (600 - 20 - 500) + 300 = (4380 - 80) crore = Rs. 4300 crore