Question

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

Answer 1

Answer:

that's technically a good question