Question

Calculate GDP at market price by Income Method:

ITEMS ( IN CRORES)

I. Compensation of employees 120

II. Exports 25

III. Mixed Income of the self-employed 140

IV. Imports 30

V. Interest on national debt 5

VI. Private final consumption expenditure 255

VII. Gross fixed capital formation 65

VIII. Consumption of fixed capital 40

IX. Subsidies 10

X. Government’s final consumption expenditure 35

XI. Change in stocks 20

XII. Indirect tax 45

XIII. Net factor income from rest of the word (-) 10

XIV. Rent, interest and profit 50

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Answer 1

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Explanation:

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Answer 2

Answer:

GDP MP = compensation of employees + rent, interest and profit + mixed income + indirect taxes - subsidies

GDP MP = 120 + 50 + 140 + 35

= 345. - answer