Question

Q.36. Calculate (i) GDP at FC, and (ii) Factor incora
to abroad from the following data :
Items
(in crore
Gross national product at factor cost 3,750
(ii) Compensation of employees
2,000
(iii) Net exports
(-) 50
(iv) Profits
700
(v) Net domestic capital formation
1,000
(vi) Opening stock
150
(vii) Closing stock
200
(viii) Gross fixed capital formation
1,050
(ix) Interest
600
(x) Rent
400
(xi) Factor income from abroad
20
Ans.

Answer 1

Answer:

(a) NDPFC = (ii) + (iv) + (ix) + (x) = 200 + 700 + 600 + 400 = 3700 GDPFC = NDPFC + CFC = (GFCF + S) – NDCF = [1050 + (200 – 150)] – 1000 = 100 GDPFC = 3700 + 100 = 3800 Crores. (b) FIPA : Factor income paid to abroad. NFIA = GNPFC – GDPFC = 3750 – 3800 = (–) 50 NFIA = FIFA – FIPA – 50 = 20 – FIPA FIPA = 20 + 50 = 70

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