Question

class 12th Economics Question ​

Answer 1

Answer : 997 crores

Explaination :

Given that :

Private final consumption ex. = 800 crores

Government final consumption ex. = 200 crores

Total consumption ex. = ( Private final consumption ex. + Government final consumption ex. )

=> Total consumption ex. = 800 + 200 = 1000 crores ...(1)

Exports = 30 crores

Net Imports = -20 crores

Net Exports = Exports - Net imports

=> Net Exports = 30 - (-20) = 30 + 20 = 50 crores ...(2)

Net domestic capital formation = 100 crores

and change in stocks = 17 crores

Total capital formation = ( Net domestic capital formation + change in stocks )

=> Total capital formation = 100+17 = 117 crores ... (3)

As we know that :

GDP at MP = (1) + (2) + (3)

=> GDP at MP = 1000 + 50 + 117 = 1167 crores ...(4)

Now, Depreciation = 50 crores

Net direct tax = 120

Now, Net Domestic Product at Factor Cost = GDP at MP - Depreciation - Net direct tax

=> NDP at FC = 1167 - 50 - 120

=> NDP at FC = 1167 - 170 = 997 crores

So, Net Domestic Product at Factor Cost will be 997 crores

Answer 2

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