Question
Calculate NDP at FC from the following data:
|
(र in crores) |
||
|
(i) |
Private final consumption expenditure |
400 |
|
(ii) |
Gross domestic capital formation |
20 |
|
(iii) |
Change in stocks |
20 |
|
(iv) |
Direct purchases from abroad by residents households |
50 |
|
(v) |
Net indirect taxes |
60 |
|
(vi) |
Net factor income from abroad |
10 |
|
(vii) |
Direct purchase by non-residents in domestic market |
150 |
|
(viii) |
Net exports |
- 20 |
|
(ix) |
Consumption of fixed capital |
20 |
|
(x) |
Government final consumption expenditure |
100 |
Solution
GDP at MP = 400 + 100 + 50 - 150 - 20 + 100 = 480 crores
NDP at FC = 480 - 60 - 20 = 400 crores
