Calculate Gross National Product at Market Price from the following Net Factor income to abroad ₹ 10 Net indirect tax ₹ 250
Solution:- Calculation of Gross National Product at Market Price NDP at FC = Compensation of Employees + Mixed Income + Operating Surplus NDP at FC = ₹ 1,200 + ₹ 500 + ₹ 300 NDP at FC = ₹ 2,000…