Question

Calculate 'Gross National Product at Market Price from the following data: Items (in crore) (1) Current transfers from government 25 (ii) Compensation of employees 600 (ii) Net current transfers from rest of the world 20 (iv) Rent 100 (c) Consumption of fixed capital 50 (vi) Interest 120 (vii) Net indirect taxes 110 (viii) Profit 80 (ix) Mixed income of the self-employed 200 (x) Net factor income from abroad no (-) 10

Answer 1

Answer:

GNP = C + I + G + X + Z

Where C is Consumption, I is investment, G is government, X is net exports, and Z is net income earned by domestic residents from overseas investments minus net income earned by foreign residents from domestic investments.

Answer 2

Answer:

your answer is in the attachment of