Calculate Gross National Product at Market Price from the following Net Factor income to abroad ₹ 10 Net indirect tax ₹ 250
Calculate Gross National Product at Market Price from the following:
| Particulars | ₹ in Crores |
| (i) Net Factor income to abroad | 10 |
| (ii) Net indirect tax | 250 |
| (iii) Operating Surplus | 300 |
| (iv) Corporation tax | 150 |
| (v) Undistributed profits | 30 |
| (vi) Mixed income | 500 |
| (vii) Consumption of fixed capital | 100 |
| (viii) Compensation of employees | 1,200 |
Ans: ₹ 2,340 Crores
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 + Operating Surplus
NDP at FC = ₹ 1,200 + ₹ 500 + ₹ 300
NDP at FC = ₹ 2,000
GNP at MP = NDP at FC + Consumption of fixed Capital – Net Factor income to abroad + Net indirect tax
GNP at MP = ₹ 2,000 + ₹ 100 – 10 + ₹ 250
GNP at MP = ₹ ₹ 2340 Crores
Anurag Pathak Changed status to publish November 7, 2023
