Question

NDP at market price is Rs. 2400.crores, the capital stock of the country is worth Rs. 400 crores. and depreciation is 10% per annum . Indirect taxes = 120crores, Subsidy 20crores . Factor income from rest of the world is Rs.400 crores and to rest of the world is Rs. 600 crores. Calculate Gross national product at factor cost .​

Answer 1

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.

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Answer 2

Answer:

Explanation:

gnp fc = NDP mp +nit + dep +

dep= 10percent on 400crs so 40

net indirect tax =100 (120-20)

nfya = nfy to abroad- nfy from abroad

= -200