Question

1. Calculate Gross National Product at Market Price. (6)
Items
Rs.in crore)
Compensation of Employees.
7000
Mixed Income of self employed. 5000
Rent
500
Interest.
700
Profit
800
Net factor income paid to abroad. (-) 100
Net Exports
500
Consumption of fixed capital.
300
Net Indirect taxes.
750
Net current transfers to abroad. 400​

Answer 1

Explanation:

don't get confuse with net current transfers to abroad and net exports..

there is no need of them.

we have all the necessary elements.

just find NDP at fc using income method then convert NDP at fc in GDP at mp by adding consumption of fixed capital, NFIA, NIT.