Calculate Gross Domestic Product at Market Price by (a) Production Method, and (b) Income Method (i) Intermediate consumption of: (a) Primary sector 5
Calculate Gross Domestic Product at Market Price by
(a) Production Method, and (b) Income Method
(i) Intermediate consumption of:
(a) Primary sector 500
(b) Secondary sector 400
(c) Tertiary sector 300
(ii) Value of output of:
(a) Primary sector 1000
(b) Secondary sector 900
(c) Tertiary sector 700
(iii) Rent 10
(iv)) Emoluments of employees 400
(v) Mixed income 650
(vi) Operating surplus 300
(vii) Net factor income from abroad (-)20
(viii) Interest 5
(ix) Consumption of fixed capital 40
(x) Net indirect tax 10
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(a) Production Method
`GDP_(mp)=(iia-ia)+(iib-ib)+(iic-ic)`
`=(1000-500)+(900-400)+(700-300)`
`=500+500+400`
`=rs 1,400crore.
(b) Income Method
`GDP_(mp)=iv+vi+v+ix+x`
`=400+300+650+40+10`
`=rs 1400` crore.
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