National Income Accounting

Question

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

Answer

GDP at MP = 350 + 200 + 50 + (-10) + 1,500 = 2,090 crores
GNP at FC = 2,090 - 50 + (-10) = 2,030 crores

Sponsor Area