Find out (a) Gross National Product at Market Price and (b) Net Current Transfers to Abroad: | ||
(Rs. crores) | ||
(i) | Private final consumption expenditure | 1,000 |
(ii) | Depreciation | 100 |
(iii) | Net national disposable income | 1,500 |
(iv) | Closing stock | 20 |
(v) | Government final consumption expenditure | 300 |
(vi) | Net indirect tax | 50 |
(vii) | Opening stock | 20 |
(viii) | Net domestic fixed capital formation | 110 |
(ix) | Net exports | 15 |
(x) | Net factor income to abroad | (-) 10 |
Answer:
(a) \[GN{{P}_{MP}}\] = Private final consumption expenditure + Government final consumption expenditure + (Net domestic fixed capital formation + Closing stock - Opening stock + Depreciation) + Net exports - Net factor income to abroad. = (i) + (v) + [(viii) + (iv) - (vii) + (ii)] + (ix) - (x) \[=1,000+300+110+20-20+100+15-(-10)\] \[=1,300+210+15+10=Rs.\text{ }1.535\text{ }crore\] (b) Net Current Transfers to Abroad = \[GN{{P}_{MP}}\] - Depreciation - Net national disposable income = \[GN{{P}_{MP}}\] - (ii) - (iii) \[=1,535-100-1,500\] = Rs. (-) 65 crore
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