Question

1. Calculate GNP at FC.

Particulars (in crores)

(i) NDP at MP 80,000
(ii) Net Factor income from abroad. - 200
(iii) Depreciation 4,950
(iv) Subsidies 1,770
(v) Indirect Tax 10,600



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Answer 1

Answer:

Formula: Depreciation = GNP at FC - NDP at MP - Factor income from abroad + Factor income to abroad + Indirect taxes - Subsidies

= 75920 - 80000 - 500 + 700 + 10600 - 1770

= 4950.

Answer 2

1) GNP at FC = NDP at mp + depreciation + NFIA- NIT
GNP at FC = 80000+4950+(-200)-(10600-1770)
GNP at FC = 84950-200-8830
So, GNP at FC = ₹ 75920 crore