Calculate “Gross National Product at Market Price” from the following data Compensation of employees ₹ 2,000

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Anurag Pathak28.64K November 10, 2023 0 Comments

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

score 0 · Answer 1 · 2023-11-10T15:04:02+00:00

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