Question

Gross national product at market price is 1,20,000 crore and it's capital stock is 3,00,000 crore if capital stock depreciates at 20% per annun, the indirect tax amount to 30000 crore and subsidies are put at 15000 crore. Calculate national income

Answer 1

Answer:

Solution :

National income

∗ NIT= Indirect taxes - Subsidies∗ Dep.=20% of 3,00,000

NNPFC=GNPMP−Dep∗−NIT∗

=1,20,000−60,000−{30,000−15,000}

NNPFC=Rs45,000 core

Explanation:

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