| Calculate 'Net National Product at Market Price': | ||
| (Rs. crores) | ||
| (i) | Transfers payments by governments | 7 |
| (ii) | Government final consumption expenditure | 50 |
| (iii) | Net imports | (-)10 |
| (iv) | Net domestic fixed capital formation | 60 |
| (v) | Private final consumption expenditure | 300 |
| (vi) | Private income | 280 |
| (vii) | Net factor income to abroad | (-)5 |
| (viii) | Closing stock | 8 |
| (ix) | Opening stock | 8 |
| (x) | Depreciation | 12 |
| (xi) | Corporate tax | 60 |
| (xii) | Retained earnings of corporations | 20 |
Answer:
Net National Product at Market Price = Private final consumption expenditure + Government final consumption expenditure + (Net domestic fixed capital formation + depreciation) + Change in stock - Net imports ? depreciation - Net factor income to abroad
Net National Product at Market Price \[=300+50+60+12+(8-8)-(-10)-12-(-5)\]
Net National Product at Market Price = Rs. 425 crore
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