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Non-Competitive Markets

Question
CBSEENEC12012700
Wired Faculty App

Suppose the GDP at MP of a country in a particular year was र 1100 crores. Net Factor
Income from abroad wass 100 crores. The value of Indirect tax — Subsidies was र 150 crores and National Income was र 850 crores. Calculate aggregate value of depreciation.

Solution

GDP at MP = National Income - Net factor income from abroad - Net indirect tax + Depreciation
Depreciation = GDP at MP - NI + NFIA - Net indirect tax
= 1100 - 850 + 100 - 150 = 200 crores.

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