Question

Gross National Product at market prices of an economy is 65,000 crores. The capital stock of the
economy is valued at 1.20.000 crores, which depreciates at the rate of 10% per annum. Indirect
taxes amount to 6.000 crores and subsidies amount to 1,000 crores. Estimate National Income of
the economy?​

Answer 1

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.

Explanation:

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