Question

Find out Gross Domestic Product and Gross national product on the basis of the following information
sl.no. items. Rs.(in crore)
1. net national. 45000
product
2. depreciation
expenditure. 7000
3. import. 12000
4. export. 10000​

Answer 1

Answer:

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Explanation:

Answer

Depreciation: 10% * 120000 = 12000

Formula: National Income or NNP at FC = GNP at MP - Depreciation - Indirect Tax + Subsidies

= 65000 - 12000 - 6000 + 1000

= Rs 48000 crores.

Answer 2

Answer:

Rs. 1800 crores

Solution

(a) Gross Domestic Product at Market Price

<br> = (i)+(v)+(vi)+(ix)+{(x)-(xi)} <br> = 7000+13000+10000+44000+{4800-5600}= Rs. 73200 crores <br> (b) Subsidies <br> =

+Depreciation-NFIA+Indirect taxes-

<br> =61700+4000-(-)300+9000-73200 <br> =Rs. 1800 crores