Find out (a) Gross National Product at Market Price and (b) Net Current Transfers from abroad: | ||
(Rs. crore) | ||
(i) | Net Indirect Tax | 35 |
(ii) | Private final consumption expenditure | 500 |
(iii) | Net national disposable income | 750 |
(iv) | Closing stock | 10 |
(v) | Government final consumption expenditure | 150 |
(vi) | Net domestic fixed capital formation | 100 |
(vii) | Net factor income to abroad | (-) 15 |
(viii) | Net imports | 20 |
(ix) | Opening stock | 10 |
(x) | Consumption of fixed capital | 50 |
Answer:
(a) \[GN{{P}_{Mp}}\] = Private final consumption expenditure + Government final consumption expenditure + (net domestic capital formation + Closing stock - Opening stock + Consumption of fixed capital - Net imports - Net factor income to abroad = (ii) + (v) + [(vi) + (iv) - (ix) + (x)] - (viii) - (vii) \[=500+150+(100+10-10+50)-20-(-5)=650+150-20+15\]\ \[=815-20=Rs.\text{ }795\text{ }crore\] (b) Net Current Transfer from abroad = Net national disposable income - (\[GN{{P}_{Mp}}\]- Consumption of fixed capital) \[=750-795+50\] \[=800-795=Rs.\text{ }5\text{ }crore\]
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