Calculate (a) net domestic product at factor cost and (b) gross national disposable income :
Calculate (a) net domestic product at factor cost and (b) gross national disposable income :
| Rs.in crores | ||
| (i) | Private final consumption expenditure | 8,000 |
| (ii) | Government final consumption expenditure | 1,000 |
| (iii) | Exports | 70 |
| (iv) | Imports | 120 |
| (v) | Consumption of fixed capital | 60 |
| (vi) | Gross domestic fixed capital formation | 500 |
| (vii) | Change in stock | 100 |
| (viii) | Factor income to abroad | 40 |
| (ix) | Factor income from abroad | 90 |
| (x) | Indirect taxes | 700 |
| (xi) | Subsidies | 50 |
| (xii) | Net current transfers to abroad | (-) 30 |
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(a) NDPFC = Private Final Consumption Expendiiure + Government final consumption expenditure + Gross domestic fixed capital formation + Change in Stock +Exports - Imports - Consumption of Fixed Capital - (Indirect Taxes - Subsidies)
= 8,000 + 1,000 + 500 + 100 + 70 -120 -60- (700-S0)
= Rs. 8,840 crores
(b) Gross National Disposable Income : NDPFC +Net Indirect Taxes - Net current transfer to abroad + Factor income from abroad - Factor income to abroad
= 8,840 + (700 - 50) - (- 30) + 90 - 40
= Rs. 9,570 crores
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