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National Income Accounting

Question
CBSEENEC12013282

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

Solution

(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