Question

From the following data, calculate :
(a) Gross Domestic Product at Factor Cost and
(b) Factor Income To Abroad:
(Amounts are in Crores)
i. Compensation of employees = 800
ii. Profits = 200
iii. Dividends = 50
iv. Gross national product at market price = 1400
v. Rent = 150
vi. Interest = 100
vii. Gross Domestic Capital Formation = 300
viii. Net Fixed Capital Formation = 200
ix. Change in Stock = 50
x. Factor Income from Abroad = 60
xi. Net Indirect Taxes = 120
Answer it Properly, kindly don't use shortcuts ​

Answer 1

Answer:

Rs. 1300 crores

Solution :

(a) Gross doemstic Product at Factor Cost <br> = Compensation of employees+Profits+Rent +Interest+ Depreciation <br> =800+200+150+100+50 <br> =1300 crores <br> (b) Factor Income To Abroad <br> =Factor income from abroad -{Gross national product at market price -)Gross Domestic Product at Factor Cost+ Net indirect taxes)} <br> =60-{1400-(1300+120)} <br> Rs. 80 crores