question_answer

From the following data, calculate\[(GD{{P}_{MP}})\]

(i) Gross Domestic Product at Market Price

(ii) Factor Income to Abroad

S. No.	Items	(Rs.)in crores
(i)	Compensation of Employees	1,000
(ii)	Net Exports	(-) 50
(iii)	Profits	400
(iv)	Interest	250
(v)	Rent	150
(vi)	Gross National Product at Factor Cost	1,850
(vil)	Gross Domestic Capital Formation	220
(viii)	Net Fixed Capital Formation	150
(ix)	Change in Stock	20
(x)	Factor Income from Abroad	30
(xi)	Net Indirect Taxes	100

Which economic value is affected by a positive value of factor income to abroad?    Or State whether the following statements are true or false. Give reasons in support of your answer.

(i)  Nominal GDP can be less than real GDP.

(ii) Change in stock is a stock variable.

(iii) Capital formation is a flow variable.

(iv) National debt interest is not a transfer payment.

Answer:

\[GD{{P}_{MP}}\]= Rs. 950 crore, Factor Income to Abroad = Rs. 30 crore