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Solution:- Real Gross Domestic Product: It refers to money value of final goods and services produced in a country in a year, measured at price of base year. It is a better tool to measure the economic growth as it…
Solution:- Calculation of Real GDP for 2015 – 16 Real GDP = Nominal GDP/GDP Deflator × 100 Real GDP = 8.4/140 × 100 = 6% Calculation of Real GDP for 2016 – 17 Real GDP = Nominal GDP/GDP Deflator ×…
Solution:- Calculation of Value of Output by Firm B Value of Output by Firm B = Goods sold to Firm C + Goods sold to Firm D + Goods exported + Goods sold to government Value of Output by Firm…
Solution:- Calculation of Value added by Firm A Value of output by Firm A = Sales by Firm A + (Closing Stock of firm A – Opening Stock of firm A) Value of Output by Firm A = ₹ 100…
Solution:- Value of Output = Sales + Change in Stock Value of Output = ₹ 200 + ₹ 10 Value of Output = ₹ 210 Crores Gross Value added at MP = Value of Output – Intermediate Costs Gross Value…
Solution:- Value of Output = Sales + Closing Stock – Opening Stock Value of Output = ₹ 100 + ₹ 10 – ₹ 20 Value of Output = ₹ 90 Crores GDP at MP = Value of Output – Intermediate…
Solution:- Gross Value Added at MP = Net Value added at Factor Cost + Depreciation + Net indirect tax (Goods and Services tax – Subsidy) Gross Value Added at MP = ₹ 250 + ₹ 30 + (₹ 20 –…
Solution:- Value of Output = Sales + Closing Stock – Opening Stock Value of Output = ₹ 10,000 + ₹ 800 – ₹ 1,000 Value of Output = ₹ 9,800 Crores Gross Value Added at MP = Value of Output…
Solution:- Gross Value Added at MP = Net Value Added at Factor Cost + Consumption of Fixed Capital + Net indirect tax (Indirect tax – Subsidies) Gross Value Added at MP = ₹ 800 + ₹ 40 + (₹ 0…
Solution:- Gross Value Added at MP = Net Value Added at FC + Depreciation + Net indirect tax (indirect tax – Subsidies) Gross Value Added at MP = ₹ 100 + ₹ 30 + (₹ 0 – ₹ 15) Gross…