Question

National income = 7,450 crore.
17. From the following data estimate: (a) Net Indirect Taxes, and (b) Net Domestic Product at Facto
Cost.
Items
( in crore)
(i) Net national product at market price
1,400
(ii) Net factor income from abroad
(-) 20
(ii) Gross national product at factor cost
1,300
(iv) Consumption of fixed capital
100
(v) National debt interest
18​

Answer 1

Answer:

NDPfc = 7470 and NIT = -6090

Explanation:

b) Net Domestic Product at Facto

Cost.:-

NDPfc = NNPfc - NFIA

= 7450 - (-20)

NDPfc = 7470

a) Net Indirect Taxes:-

NDPmp = NNPmp + NFIA

= 1400-20

= 1380

NIT = NDPmp - NDPfc

= 1380 - 7470

NIT = -6090