Calculate GDP (MP), NDP (MP) and GNP (MP) from the following information
Personal Consumption Expenditure = Rs.10,000
Central Government Expenditure = Rs.15,000
State Government Expenditure = Rs.12,000
Investment Expenditure = Rs.5,000
Indirect Taxes =Rs. 2,000
Subsidies = Rs.3,000
Net Exports = Rs.5,000
Net Foreign Income from Abroad = Rs.1100
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How to Calculate the Gross National Product?
The official formula for calculating GNP is as follows:
Y = C + I + G + X + Z
Where:
C – Consumption Expenditure
I – Investment
G – Government Expenditure
X – Net Exports (Value of imports minus value of exports)
Z – Net Income (Net income inflow from abroad minus net income outflow to foreign countries)
Alternatively, the Gross National Product can also be calculated as follows:
GNP = GDP + Net Income Inflow from Overseas – Net Income Outflow to Foreign Countries
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