Question
Calculate GDP at MP and national income (NNPFC) from the following data:
|
(र in crores) |
|||
|
Set I |
Set II |
||
|
(i) |
Government final consumption expenditure |
100 |
150 |
|
(ii) |
Opening stock |
50 |
80 |
|
(iii) |
Gross fixed capital formation |
120 |
130 |
|
(iv) |
Net factor income from abroad |
-10 |
-10 |
|
(v) |
Indirect taxes |
60 |
70 |
|
(vi) |
Closing stock |
80 |
100 |
|
(vii) |
Subsidies |
10 |
10 |
|
(viii) |
Rent, interest and profits |
350 |
500 |
|
(ix) |
Consumption of fixed capital |
20 |
20 |
|
(x) |
Private final consumption expenditure |
400 |
600 |
|
(xi) |
Exports |
50 |
60 |
|
(xii) |
Imports |
40 |
70 |
Solution
GDPMP (Set I) = 100 + 80 - 50 + 120 + 400 + 50 - 40
= 660 crores
(Set II) = 150 + 100 - 80 + 130 + 600 + 60 - 70
= 890 crores
National Income (NNPFC)
Set I = 660 - 20 + (- 10) - 60 + 10 = 580 crores
Set II = 890 - 20 + (- 10) - 70 + 10 = 800 crores
