12th Class Economics Solved Paper - Economics 2014 Delhi Set-III

  • question_answer
    Calculate net domestic product at factor cost from the following:
                                                    (Rs. Arab)
    (i) Net current transfers to abroad 5
    (ii) Government final consumption expenditure 100
    (iii) Net indirect tax 80
    (iv) Private final consumption expenditure 300
    (v) Consumption of fixed capital 20
    (vi) Gross domestic fixed capital formation 50
    (vii) Net imports (-)10
    (viii) Closing stock 25
    (ix) Opening stock 25
    (x) Net factor income to abroad 10


    National Domestic Income at Factor Cost = Private Final Consumption Expenditure + Government Final Consumption Expenditure - Net Imports + (Gross Domestic Fixed Capital Formation + Closing stock -- Opening stock) - Depreciation - Net Indirect Taxes or, National Income (\[ND{{P}_{FC}}\]) =\[300+100-(-10)+(50+25-25)-20-80\]= Rs. 360 Arab.

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