Question

Q16.
(a) From the following data, calculate Gross Domestic Product at
Factor Cost.
(Rs. in crores)
(i) Gross domestic capital formation
600
(ii)
Interest
200
Gross National Product at market price 2,800
(iv) Rent
300
(v) Compensation of employee
1600
(vi) Net exports
(-)30
(vii) Net indirect taxes
240
(viii) Net Domestic fixed capital formation
400
(ix) Profits
450
(x) Dividends
(xi) Factor income from abroad
50
(xii) Change in stock
100
(b) "Expenditure incurred by a shopkeeper on purchase of garments from a
garment manufacturer should not be included in the estimation of GDP." 3+
Do you agree with the given statement? Support your with valid reason.
150
3​

Answer 1

Answer:

900+400-100-100-100-100+100=0