Calculate (a) Net National Product at market price, and (b) Gross Dome

1.	Calculate (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost : Rs. in crores(i) Rent and interest6,000(ii) Wages and salaries1,800(iii) Undistributed profit400(iv) Net indirect taxes100(v) Subsidies20(vi) Corporation tax120(vii) Net factor income to abroad70(viii) Dividends80(ix) Consumption of fixed capital50(x) Social security contribution by employers200(xi) Mixed income1000
Answer» 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, NDP_FC = Compensation of Employees +Operating surplus + Mixed Income NDP_FC =2000 + 6600 + 1000 = 9600 NNP_MP = NDP_FC- (vii) + (iv) = 9,600 -70 + 100 =9630 GDP_FC=NDP_FC+(ix) :=9600 + 50 = 9,650

Calculate (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost : Rs. in crores(i) Rent and interest6,000(ii) Wages and salaries1,800(iii) Undistributed profit400(iv) Net indirect taxes100(v) Subsidies20(vi) Corporation tax120(vii) Net factor income to abroad70(viii) Dividends80(ix) Consumption of fixed capital50(x) Social security contribution by employers200(xi) Mixed income1000

Answer»

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, NDP_FC = Compensation of Employees +Operating surplus + Mixed Income

NDP_FC =2000 + 6600 + 1000

= 9600

NNP_MP = NDP_FC- (vii) + (iv)

= 9,600 -70 + 100

=9630

GDP_FC=NDP_FC+(ix)

:=9600 + 50

= 9,650

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