Question
Calculate GDP at MP and national income from the following data : (D 96C)
|
(र in crores) |
||
|
(i) |
Net exports |
- 30 |
|
(ii) |
Private final consumption expenditure |
400 |
|
(iii) |
Subsidies |
5 |
|
(iv) |
Net domestic fixed capital formation |
50 |
|
(v) |
Government final consumption expenditure |
100 |
|
(vi) |
Net factor income from abroad |
- 10 |
|
(vii) |
Closing stock |
10 |
|
(viii) |
Consumption of fixed capital |
40 |
|
(ix) |
Indirect taxes |
55 |
|
(x) |
Opening stock |
20 |
Solution
GDP at MP = 400 + 100 + 50 + 40 + 10 - 20 - 30
= 550 crores
National income = 550 + 5 - 55 - 40 + (- 10)
= 450 crores
