question_answer

Calculate (a) 'Gross National Product at market place' from the following
(Rs. crore)
(i)	Net factor income to abroad	10
(ii)	Private income	1,700
(iii)	Operating surplus	300
(iv)	Corporation tax	150
(v)	Undistributed Profits	30
(vi)	Mixed income	500
(vii)	Consumption of fixed capital	100
(viii)	Personal taxes	200
(ix)	Compensation of employees	1,200
(x)	Net indirect tax	250

 

Answer:

(a) \[GN{{P}_{MP}}\]

= Compensation of employees + Mixed Income + Operating surplus + consumption of fixed capital + Net indirect tax - Net factor income to abroad

= (ix) + (vi) + (iii) + (vii) + (x) - (i)

\[=1,200+500+300+100+250-10\]

\[=2,350-10=\text{ }Rs.\text{ }2,340\text{ }crores\]