Calculate (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost: | ||
(Rs in crores) | ||
(i) | Rent and interest | 6,000 |
(ii) | Wages and salaries | 1,800 |
(iii) | Undistributed profit | 400 |
(iv) | Net indirect taxes | 100 |
(v) | Subsidies | 20 |
(vi) | Corporation tax | 120 |
(vii) | Net factor income to abroad | 70 |
(viii) | Dividends | 80 |
(ix) | Consumption of fixed capital | 50 |
(x) | Social security contribution by employers | 200 |
(xi) | Mixed income | 1,000 |
Answer:
\[ND{{P}_{FC}}\] = Wages and salaries + SSC by employer + Rent and interest + Dividend + Corporation tax + Undistributed profit + Mixed income \[ND{{P}_{FC}}\] = 1800 + 200 + 6000 + 80 + 120 + 400 + 1000 \[ND{{P}_{FC}}\] = Rs. 9600 Crore (a) \[NN{{P}_{MP}}\] = NDPFC + NFIA + NIT \[NN{{P}_{MP}}=Rs.\text{ }9600+(-70)=100\] \[NN{{P}_{MP}}\]= Rs. 9630 Crores (b) \[GD{{P}_{FC}}\] = NDPFC + Consumption of fixed capital \[GD{{P}_{FC}}\] = Rs. 9600 + 50 \[GD{{P}_{FC}}\]= Rs. 9650 Crores
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