Question

13. Calculate the Net National Product at Market
Price from the given details.
S.no. Contents
(Rs. in
Crores)
8,000
200
1,000
600
700
Mixed income of self-
( )
employed
(ii) Depreciation
(iii) Profit
(iv) Rent
(v) Interest
Compensation of
employees
(vii) Net indirect taxes
Net factor income to
(viii)
abroad
(ix) Net exports
Net current transfers to
(x)
abroad
(vi)
3,000
500
60
(-) 50
20​

Answer 1

Answer:

Gross National Product at Market Price = Wages and salaries + Social security contribution by employers + Operating surplus + Mixed income of self employed + Depreciation − Net Factor Income to Abroad + Net Indirect taxes

Gross National Product at Market Price =800+100+200+500+30−(−20)+70

Gross National Product at Market Price =Rs1,720crore

Personal Income = Personal disposable income + Personal tax Personal Income =1200+150

Personal Income =Rs1,350crore