Question
From the following data calculate (a) GNP at FC, and (b) Net National Disposible Income (NNDI).
|
(र in Crores) |
||
|
(i) |
Net indirect tax |
800 |
|
(ii) |
Net domestic fixed capital formation |
500 |
|
(iii) |
Consumption of fixed capital |
100 |
|
(iv) |
Private final consumption expenditure |
5000 |
|
(v) |
Government final consumption expenditure |
2000 |
|
(vi) |
Net factor income to abroad |
50 |
|
(vii) |
Net exports |
(-)150 |
|
(viii) |
Change in stock |
(-)30 |
|
(ix) |
Current transfers from rest of the world |
70 |
|
(x) |
Compensation of employees |
2500 |
|
(xi) |
Current transfers to rest of world |
40 |
Solution
GDP at MP (Expenditure method)
= 500 + 100 + 5000 + 2000 + (-150) + (-30) - 7420
(a) GNP at FC = 7420 - 800 - 50 = 6570 crores
(b) NNDI = 7420 - 50 + (70 - 40) - 100 = 7300 crores
