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National Income Accounting
Question
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From the following data, calculate GNP, GDP, NNP, NDP at FC and MP. 

   

(र in crores)

(i)

Gross investment

90

(ii)

Net exports

10

(iii)

Net indirect taxes

5

(iv)

Depreciation

15

(v)

Net factor income from abroad

- 5

(vi)

Personal consumption expenditure

350

(vii)

Government purchases of goods and services

100

Answer

(i)    GDPMP = (vi) + (i) + (vii) + (ii) = 350 + 90 + 100 + 10 = 550
(ii)    GNPMP = GDPMP + (v) = 550 + (- 5) = 545
(iii)   NDPMP = GDPMP - Depreciation = 550 - 15 = 535
(iv)   NNPMP = NDPMP + (v) = 535 + (- 5) = 530
(v)    GDPFC = GDPMP + Net indirect taxes = 550 - 5 = 545
(vi)   GNPFC = 545 - 5 = 540
(vii)   NDPFC = 535 - 5 = 530
(viii)  NNPFC = 530 - 5 = 525

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Briefly explain the following basic concepts related to NI:
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