Question

Domestic Inco
3. Calculate National Income or NNP at FC.
Particulars
(i) GDP at MP
(ii) Indirect Taxes
(iii) Net Factor income from abroad
(iv) Consumption of Fixed Capital
(v) Subsidies
in crores
4,800
300
80
200
60
National Inc​

Answer 1

Answer:

Formula: NNP at FC= GDP at MP - Consumption of Fixed Capital + Net Factor income from abroad - Indirect Taxes + Subsidies

= 4800 -200 + 80 -300 +60

= 4440