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Calculate (a) net domestic product at factor cost and (b) gross national disposable income :Rs.in crores(i)Private final consumption expenditure8,000(ii)Government final consumption expenditure1,000(iii)Exports70(iv)Imports120(v)Consumption of fixed capital60(vi)Gross domestic fixed capital formation500(vii)Change in stock100(viii)Factor income to abroad40(ix)Factor income from abroad90(x)Indirect taxes700(xi)Subsidies50(xii)Net current transfers to abroad(-) 30 |
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Answer» (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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