Question

32. Calculate “gross national product at factor cost” from the following data by

Expenditure method:

(Rs. In crores)

(i) Private final consumption expenditure

1,000

(ii) Net domestic capital formation

200

(iii) Profits

400

(iv) Compensation of employees

800

(v) Rent

250

(vi) Government final consumption expenditure

500

(vii) Consumption of fixed capital

60

(viii) Interest

150

(ix) Net current transfers from rest of the world

(-) 80

(x) Net factor income from abroad

(-) 10

(xi) Net exports

(-) 20

(xii) Net indirect taxes

80​

Answer 1

Answer:

govt final consumption exp 500

private final consp exp 1000

gross domestic capital

formation(net+ dep)

(200+60) 260

Net export -20

Explanation:

GDP at MP 1740

GNP at FC?

GDP at MP 1740

+NFIA -10

-NIT 80 -90

GNP at FC 1650