Question

Find out Gross National Product at Market Price from the following data

Particulars (Rs.Arab)

(i) Opening stock 50

(ii) Private final consumption expenditure 1,000

(iii) Net domestic fixed capital formation 150

(iv) Closing stock 40

(v) Net factor income to abroad (—)10

(vi) Government final consumption expenditure 300

(vii) Consumption of fixed capital 30

(viii) Net imports 20

Rs.1,460 Arab

10. Calculate Gross National Product at Market Price from the following

Particulars Rs.in crores

(i) Net factor income to abroad 10

(ii) Net indirect tax 250

(iii) Operating surplus 300

(iv) Corporation tax 150

(v) Undistributed profits 30

(vi) Mixed income 500

(vii) Consumption of fixed capital 100

(viii) Compensation of employees 1,200​

Answer 1

(1)ANSWER:

GNP at MP

=> private final consumption expenditure + Net domestic fixed capital formation + Govt final consumption expenditure + consumption of fixed capital - Net factor income to abroad-(10) +(Closing stock - Opening stock)

=> 1,000 + 150 + 300 + 30 - 10 + (-10)

=> 1,000 + 150 + 300 + 30 -10 -10

=> 1480-20

=> 1460arab.....