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Calculate GNP fc from the following data by (i) income method (ii) expenditure methodItemsRs. ( in crores) (i) PFCE 1000(ii) NDCF200(iii) Profits 400(iv) Compensation of employees 800(v) Rent 250(vi) GFCE 500(vii) Consumption of fixed capital 60 (viii) Interest150(ix) Net current transfer from rest of the world (-) 80(x) NFIA(-) 10 (xi) Net Exports (-) 20(xii) Net Indirect Tax 80 |
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Answer» Income Method NDPfc = iv + v + viii + iii 800 + 250 + 150 + 400 = 1600 GNPfc = NDPfc + dep + NFIA = 1600 + 60 + (- 10) GNPfc = 1650 Expenditure Method GDPmp = PFCE+ GFCE+ (NDCF + Dep) + Net export = 1000 + 500 + 260 + (-20) = 1740 GNPfc = GDPmp + NFIA – NIT = 1740 + (-10) – 80 = 1650 |
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