Calculate (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost :
Calculate (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost :
| Rs. in crores | |
| (i) Rent and interest | 6,000 |
| (ii) Wages and salaries | 1,800 |
| (iii) Undistributed profit | 400 |
| (iv) Net indirect taxes | 100 |
| (v) Subsidies | 20 |
| (vi) Corporation tax | 120 |
| (vii) Net factor income to abroad | 70 |
| (viii) Dividends | 80 |
| (ix) Consumption of fixed capital | 50 |
| (x) Social security contribution by employers | 200 |
| (xi) Mixed income | 1000 |
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1 Answers
Compensation of Employees => (ii) + (x)
= 1800 + 200
= 2,000
Operating Surplus = (i) + (iii) + (vi) + (viii)
=> 6,000 + 400 + 120 + 80 = 6,600
Mixed Incom. = (xi) =1,000
Now, NDPFC = Compensation of Employees +Operating surplus + Mixed Income
NDPFC =2000 + 6600 + 1000
= 9600
NNPMP = NDPFC - (vii) + (iv)
= 9,600 -70 + 100
=9630
GDPFC=NDPFC+(ix)
:=9600 + 50
= 9,650
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