National Income Accounting
Calculate GNP at FC from the following data:
(र in crores) |
||
(i) |
Net domestic capital formation |
350 |
(ii) |
Closing stock |
100 |
(iii) |
Government final consumption expenditure |
200 |
(iv) |
Net indirect taxes |
50 |
(v) |
Opening stock |
60 |
(vi) |
Consumption of fixed capital |
50 |
(vii) |
Net exports |
- 10 |
(viii) |
Private final consumption expenditure |
1,500 |
(ix) |
Imports |
20 |
(x) |
Net factor income from abroad |
- 10 |
GDP at MP = 350 + 200 + 50 + (-10) + 1,500 = 2,090 crores
GNP at FC = 2,090 - 50 + (-10) = 2,030 crores
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