Question
On the basis of information given below, calculate GDP.
|
(र) |
||
|
(i) |
Personal consumption expenditure |
45,000 |
|
(ii) |
Government consumption expenditure |
5,000 |
|
(iii) |
Gross domestic fixed investment |
5,000 |
|
(iv) |
Increase in inventories |
1,000 |
|
(v) |
Exports of goods and services |
6,000 |
|
(vi) |
Imports of goods and services |
7,000 |
|
(vii) |
Net indirect taxes |
3,500 |
|
(viii) |
Depreciation |
4,500 |
Solution
GDP - (i) + (ii) + (iii) + (iv) + (v) - (vi)
= 45,000 + 5,000 + 5,000 + 1,000 + 6,000 - 7,000
= 55,000
