Calculate Gross National Product at Factor Cost by (i) Income Method, and (ii) Expenditure Method, from the following data Private Final Consumption Expenditure ₹ 800
Solution:- Calculation of Gross National Product at Factor Cost by Income Method NDP at FC = Compensation of Employees + Rent + Interest + Profits (Corporate Tax + dividend + Undistributed Profits) NDP at FC = ₹ 600 + ₹…