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Solution:- NNP at FC = NDP at MP + (Factor Income from abroad – Factor Income to abroad) – (Indirect Taxes – Subsidies) NNP at FC = ₹ 80,000 + (₹ 500 – ₹ 700) – (₹ 10,600 – ₹…

Solution:- GDP at FC = NDP at MP + Depreciation – (Indirect Taxes – Subsidies) GDP at FC = (vi) + (iv) – [(v) – (ii)] GDP at FC = ₹ 3,700 + ₹ 480 – [₹ 100 – ₹…

Solution:- GNP at FC = NDP at FC + Consumption of Fixed capital + (Factor income from abroad – Factor income to abroad) GNP at FC = (i) + (iv) + [(iii) – (v)] GNP at FC = ₹ 55,915…

Solution:- (a) Domestic Income (NDP at FC) = GDP at MP – Consumption of Fixed Capital – (Indirect taxes – Subsidies) Domestic Income (NDP at FC) = (i) – (iv) – [(ii) – (vi)] Domestic Income (NDP at FC) =…

Solution:- Domestic Income (NDP at FC) = GNP at FC – Replacement of fixed capital – (Factor income from abroad – Factor income to abroad) Domestic Income (NDP at FC) = (i) – (v) – [(iii) – (iv)] Domestic Income…

Solution:- GDP at MP = National Income + Consumption of fixed Capital – Net Factor income from abr0ad (Factor income from abroad – Factor income to abroad) + Net Indirect taxes (Indirect taxes – Subsidies) GDP at MP = (i)…

Solution:- NNP at FC = GDP at MP – Consumption of fixed Capital + Net Factor income from abroad – Net indirect taxes (Indirect taxes – Subsidies) NNP at FC = (i) – (iv) + (iii) – [(ii) – (v)…

Solution:- Domestic Income (NDP at FC) = Gross National Product at Market Price – Depreciation – Net Factor income from abroad – (Indirect tax – Subsidies) Domestic Income (NDP at FC) = (i) – (iv) – (v) – [(ii) –…

Solution:- GNP at FC = NDP at MP + Depreciation + Net Factor income from abroad – Net Indirect tax (Indirect tax – Subsidies) GNP at FC = (ii) + (iii) + (ii) – (v) + (iv) GNP at FC…

GDP is often considered as in index of welfare of the people. Welfare means sense of material well-being among the people. It depends on greater per head availability of goods and services. So, higher GDP is generally taken as greater…