Question

Calculate the GDP and NDP from the following data ? Items (Ru. In Crores) 1- Consumer Goods and Service 8]000@& 2- Capital goods and Service 4]000@& 3- Depreciation 500@& 4- Export 2]000@& 5- Import 1]000@&​

Answer 1

Explanation:

GDP is defined as the total market value of all officially recognized products and services that are produced within a specific time period. NDP is the estimated value on the country's amount of spending in order to maintain its current GDP. The formula for GDP is GDP = C + G + I + NX.