Calculate Gross National Product at Market Price Rent ₹ 100 Profit ₹ 200 Social Security Contribution by employers ₹ 47
Calculate Gross National Product at Market Price.
| Particulars | ₹ in Crores |
| (i) Rent | 100 |
| (ii) Profit | 200 |
| (iii) Social Security Contribution by employers | 47 |
| (iv) Mixed Income | 600 |
| (v) Gross Domestic Capital Formation | 140 |
| (vi) Royalty | 20 |
| (vii) Interest | 110 |
| (viii) Compensation of employees | 500 |
| (ix) Net Domestic Capital Formation | 120 |
| (x) Net Factor income from abroad | (-) 10 |
| (xi) Net indirect tax | 150 |
Ans:-
Gross National Product at Market Price = ₹ 1,690 Crore
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
Calculation of Gross National Product at Market Price
NDP at FC = Compensation of Employees + Mixed Income + Rent + Royalty + Interest + Profit
NDP at FC = ₹ 500 + ₹ 600 + ₹ 100 + ₹ 20 + ₹ 110 + ₹ 200
NDP at FC = ₹ 1530
GNP at MP = NDP at FC + Depreciation (Gross Domestic Capital Formation – Net Domestic Capital Formation) + Net Factor Income from abroad + Net Indirect tax
GNP at MP = ₹ 1530 + (₹ 140 – ₹ 120) + (- ₹ 10) + ₹ 150
GNP at MP = ₹ 1,690 Crore
Anurag Pathak Changed status to publish November 7, 2023
