Question

Find 'GDP at factor cost' and 'Factor income to abroad'.
Question refers to the attachment. ​

Answer 1

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From the following data, calculate

• (a) Gross Domestic Product at Factor Cost and
• (b) Factor Income to Abroad :

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(a) Gross Domestic Product at factor cost =

Compensation of employees + Rent + Interest + Profits + Gross domestic capital formation – Net fixed capital formation – Change in stock

= 800 + 150 + 100 + 200 + 300 – 200 – 50

= 1,550 – 250

= ₹ 1,300(000) Crores

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(b) Factor Income to Abroad = Factor income from abroad – Net factor income for abroad Net factor income abroad

= Gross national product at factor cost – Gross domestic product at factor cost

= Gross national product at market price – Net indirect taxes – Gross domestic product at factor cost

= 1,400- 120- 1,300 = (-)20 Crores Factor Income to Abroad

= 60 – (- 20)

= ₹ 80(000) Crores

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