Calculate GNP at MP by Income and Expenditure Method Net Exports ₹ 15 Private final consumption expenditure ₹ 600
Calculate GNP at MP by Income and Expenditure Method
| Particulars | ₹ in Crores |
| (i) Net Exports | 15 |
| (ii) Private final consumption expenditure | 600 |
| (iii) Consumption of fixed capital | 30 |
| (iv) Operating Surplus | 190 |
| (v) Net indirect taxes | 105 |
| (vi) Net factor income from abraod | (-) 5 |
| (vii) Wages and Salaries | 520 |
| (viii) Rent | 60 |
| (ix) Employer’s Contribution to social security schemes | 100 |
| (x) Government finalf consumption expenditure | 200 |
| (xi) Net Capital formation | 100 |
Ans: GNP at MP = ₹ 940 Crores
Anurag Pathak Changed status to publish December 22, 2023
Solution
Calculate GNP at MP by Income Method
NDP at FC = Compensation of Employees (Wages and Salaries + Employers Contribution to Social Security Schemes) + Mixed Income of Self-employed + Operating Surplus
NDP at FC = (₹ 520 + ₹ 100) + ₹ 0 + ₹ 190
NDP at FC = ₹ 810 Crores
GNP at MP = NDP at FC + Consumption of fixed Capital + Net Factor income from abroad + Net indirect taxes
GNP at MP = ₹ 810 + ₹ 30 + ₹ (-) 5 + ₹ 105
GNP at MP = ₹ 940 Crores
Calculate GNP at MP by Expenditure Method
GDP at MP = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Net Capital Formation + Consumption of Fixed Capital + Net Exports
GDP at MP = ₹ 600 + ₹ 200 + ₹ 100 + ₹ 30 + ₹ 15
GDP at MP = ₹ 945 Crores
GNP at MP = GDP at MP + Net Factor income from abroad
GNP at MP = ₹ 945 + ₹ (-) 5
GNP at MP = ₹ 940 Crores
Anurag Pathak Changed status to publish November 9, 2023
