Find out Gross National Product at Market Price from the following data Opening Stock ₹ 50 Private Final Consumption Expenditure ₹ 1,000
Find out Gross National Product at Market Price from the following data:
| Particulars | ₹ in Arab |
| (i) Opening Stock | 50 |
| (ii) Private Final Consumption Expenditure | 1,000 |
| (iii) Net Domestic Fixed Capital Formation | 150 |
| (iv) Closing Stock | 40 |
| (v) Net factor income to abroad | (-) 10 |
| (vi) Government final consumption expenditure | 300 |
| (vii) Consumption of fixed Capital | 30 |
| (viii) Net imports | 20 |
Ans: ₹ 1,460 Arab
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
Calculation of Gross National Product at Market Price
GDP at MP = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Net Domestic Fixed Capital Formation + Consumption of Fixed Capital + (Closing Stock – Opening Stock) – Net imports
GDP at MP = ₹ 1,000 + ₹ 300 + ₹ 150 + ₹ 30 + (₹ 40 – ₹ 50) – ₹ 20
GDP at MP = ₹ 1,450
GNP at MP = GDP at MP – Net Factor income to abroad
GNP at MP = ₹ 1,450 – (- 10)
GNP at MP = ₹ 1460 Arab
Anurag Pathak Changed status to publish November 7, 2023
