12th Class Economics Solved Paper - Economics 2016 Outside Delhi Set-I

  • question_answer
    Find Gross National Product at Market Price:
    (Rs. Crore)
    (i) Private final consumption expenditure 800
    (ii) Net current transfers to abroad 20
    (iii) Net factor income to abroad \[()10\]
    (iv) Government final consumption expenditure 300
    (v) Net indirect tax 150
    (vi) Net domestic capital formation 200
    (vii) Current transfers from government 40
    (viii) Depreciation 100
    (ix) Net imports 30
    (x) Income accruing to government 90
    (xi) National debt interest 50

    Answer:

    GDP mp = Private Final Consumption Expenditure + Government Final Consumption Expenditure + (net domestic capital formation + depreciation) - net imports
                GDP mp \[=800+300+(200+100)30\]
                             \[=1100+(300)30\]
                             \[=140030\]= Rs. 1370 crores.
                GNP mp = GDP mp \[\] net factor income to abroad
                             \[=1370(10)\]= Rs. 1380 crores.


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