Calculate GDP at MP National Income ₹ 6,700 Consumption of fixed Capital ₹ 180
Calculate GDP at MP
Particulars | ₹ in Crores |
(i) National Income | 6,700 |
(ii) Consumption of fixed Capital | 180 |
(iii) Factor income from abroad | 100 |
(iv) Indirect taxes | 130 |
(v) Subsidies | 70 |
(vi) Factor income to abroad | 150 |
Ans: GDP at MP = ₹ 6,990 Crores
Anurag Pathak Changed status to publish December 21, 2023
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) + (ii) – [(iii) – (vi)] + [(iv) – (v)]
GDP at MP = ₹ 6,700 + ₹ 180 – [₹ 100 – ₹ 150] + [₹ 130 – ₹ 70]
GDP at MP = ₹ 6,990 Crores
Anurag Pathak Changed status to publish November 12, 2023