75
2. Find out Gross Domestic Product at Market Price from the following data:
(Ans. NDP, = 525 crore
Items
crore)
(i) Gross national product at factor cost
13,200
(ii) Consumption of fixed capital or depreciation
1,200
(iii) Net factor income from abroad
(-) 300
(iv) Indirect tax
550
(v) Subsidy
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Step-by-step explanation:
Thus, NNP at market price is gross national product at market price minus depreciation. Net National Product at factor cost is also called as national income. Net National Product at factor cost is equal to sum total of value added at factor cost or net domestic product at factor cost and net factor income from abroad.
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