Calculate the 'Net National Product at Market Price' from the following: | ||
(Rs. in Arab) | ||
(i) | Closing stock | 10 |
(ii) | Consumption of fixed capital | 40 |
(iii) | Private final consumption expenditure | 600 |
(iv) | Exports | 50 |
(v) | Opening stock | 20 |
(vi) | Government final consumption expenditure | 100 |
(vii) | Imports | 60 |
(viii) | Net domestic fixed capital formation | 80 |
(ix) | Net current transfers to abroad | (-) 10 |
(x) | Net factor income from abroad | 30 |
Answer:
\[NN{{P}_{MP}}\]
= Private final consumption expenditure + Government final consumption expenditure + Net domestic fixed capital formation + [Closing stock - Opening stock] + [Exports - Imports] - Net factor income from abroad
= (iii) + (vi) + (viii) + [(i) - (v)] + [(iv) - (vii)] - (x)
\[=600+100+80+[10-20]+[50-60]-30\]
\[=780-10-10-30=Rs.\text{ }730\text{ }Arab\]
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