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National Income Accounting
Question
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From the following data, calculate GNP at MP through expenditure method.

   

(र in crores)

(i)

Inventory investment

10

(ii)

Exports

20

(iii)

Net factor income from abroad

- 5

(iv)

Personal consumer expenditure

350

(v)

Gross residential construction investment

30

(vi)

Government purchase of goods and services

100

(vii)

Gross public investment

20

(viii)

Gross business fixed investment

30

(ix)

Imports

10

Answer

GDPMP = Private consumption exp. + Investment exp. + Govt. purchase of goods and services + Net export
= 350 + (10 + 30 + 20 + 30) + 100 + (20 - 10) = 550
GNPMP = 550 + ( - 5) = 545 crores

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