Calculate “Gross National Product at Market Price” from the following data Compensation of employees ₹ 2,000
Calculate “Gross National Product at Market Price” from the following data
| Particulars | ₹ in Crores |
| (i) Compensation of employees | 2,000 |
| (ii) interest | 500 |
| (iii) Rent | 700 |
| (iv) Profits | 800 |
| (v) Employer’s Contribution to Social Security Schemes | 201 |
| (vi) Dividends | 300 |
| (vii) Consumption of fixed Capital | 100 |
| (viii) Net indirect taxes | 250 |
| (ix) Net Exports | 70 |
| (x) Net Factor income from abraod | 150 |
| (xi) Mixed income of self-employed | 1,500 |
Ans: 5,700 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 of self-employed + Rent + Interest + Profits
NDP at FC = ₹ 2,000 + ₹ 1,500 + ₹ 700 + ₹ 500 + ₹ 800
NDP at FC = ₹ 5,500 Crores
GNP at MP = NDP at FC + Consumption of fixed Capital – Net factor income to abraod + Net indirect taxes
GNP at MP = ₹ 5,500 + ₹ 100 – ₹ 150 + ₹ 250
GNP at MP = ₹ 5,700 Crore
Anurag Pathak Changed status to publish November 10, 2023
