question_answer

Calculate the 'Net National Product at Market Price' from the following:
(Rs. in Arab)
(i)	Closing stock	10
(ii)	Consumption of fixed capital	40
(iii)	Private final consumption expenditure	600
(iv)	Exports	50
(v)	Opening stock	20
(vi)	Government final consumption expenditure	100
(vii)	Imports	60
(viii)	Net domestic fixed capital formation	80
(ix)	Net current transfers to abroad	(-) 10
(x)	Net factor income from abroad	30

 

Answer:

\[NN{{P}_{MP}}\]

= Private final consumption expenditure + Government final consumption expenditure + Net domestic fixed capital formation + [Closing stock - Opening stock] + [Exports - Imports] - Net factor income from abroad

= (iii) + (vi) + (viii) + [(i) - (v)] + [(iv) - (vii)] - (x)

\[=600+100+80+[10-20]+[50-60]-30\]

\[=780-10-10-30=Rs.\text{ }730\text{ }Arab\]