| Calculate ?net national product? at factor cost from the followings | ||
| (Rs. Arab) | ||
| (i) | National debt interest | 60 |
| (ii) | Wages and salaries | 600 |
| (iii) | Net current transfers to abroad | 20 |
| (iv) | Rent | 200 |
| (v) | Transfers payments by government | 70 |
| (vi) | Interest | 300 |
| (vii) | Net domestic product at factor cost accruing to government | 400 |
| (viii) | Social security contribution by employers | 100 |
| (ix) | Net factor income paid to abroad | 50 |
| (x) | Profits | 300 |
Answer:
\[NN{{P}_{FC}}\] = Wages and salaries + Employers contribution to social security + Rent + Interest + Profit - Net Factor Income to Abroad or, \[NN{{P}_{FC}}\] = \[600+100+200+300+300-50\] = Rs. 1,450 Arab.
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