Calculate GDP at MP by value-added method and income method Intermediate Consumption of Primary Sector ₹ 500
Calculate GDP at MP by value-added method and income method.
| Particulars | ₹ in Crores |
| (i) Intermediate Consumption of Primary Sector | 500 |
| (ii) Intermediate Consumption of Secondary Sector | 400 |
| (iii) Intermediate Consumption of Tertiary Sector | 300 |
| (iv) Value of output of primary sector | 1000 |
| (v) Value of output of Secondary sector | 900 |
| (vi) Value of output of tertiary sector | 700 |
| (vii) Rent | 10 |
| (viii) Employee Compensation | 950 |
| (ix) Profits | 285 |
| (x) Net factor income from abroad | (-) 20 |
| (xi) Interest | 5 |
| (xii) Depreciation | 40 |
| (xiii) Net indirect taxes | 10 |
| (xiv) Mixed income | 100 |
Ans:- GDP at MP = ₹ 1,400 Crores
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
Calculation of GDP at MP by Value-Added Method
Value of Output = Value of output of primary sector + Value of output of secondary sector + Value of output of tertiary sector
Value of Output = ₹ 1,000 + ₹ 900 + ₹ 700
Value of Output = ₹ 2,600
Intermediate Consumption = Intermediate Consumption of Primary Sector + Intermediate Consumption of Secondary Sector + Intermediate Consumption of tertiary Sector
Intermediate Consumption = ₹ 500 + ₹ 400 + ₹ 300
Intermediate Consumption = ₹ 1,200
GDP at MP = Value of Output – Intermediate Consumption
GDP at MP = ₹ 2,600 – ₹ 1,200
GDP at MP = ₹ 1,400 Crores
Calculation of GDP at MP by Income Method
NDP at FC = Employee Compensation + Mixed Income + Rent + Interest + Profits
NDP at FC = ₹ 950 + ₹ 100 + ₹ 10 + ₹ 5 + ₹ 285
NDP at FC = ₹ 1350
GDP at MP = NDP at FC + Depreciation + Net indirect taxes
GDP at MP = ₹ 1350 + ₹ 40 + ₹ 10
GDP at MP = ₹ 1,400 Crores
Anurag Pathak Changed status to publish November 7, 2023
