Find out Gross National Product at Market Price Private final consumption expenditure ₹ 1000 Depreciation₹ 100
Find out Gross National Product at Market Price:
| Particulars | ₹ in Crores: |
| (i) Private final consumption expenditure | 1000 |
| (ii) Depreciation | 100 |
| (iii) Net factor income to abroad | (-) 10 |
| (iv) Closing stock | 20 |
| (v) Government final consumption expenditure | 300 |
| (vi) net indirect tax | 50 |
| (vii) Opening stock | 20 |
| (viii) Net domestic fixed capital formation | 110 |
| (ix) Net exports | 15 |
Ans:
Gross National Product at Market Price = ₹ 1,535 Crore
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
Calculation of Gross National Product at Market Price
GDP at MP = Private final consumption expenditure + Government Final Consumption Expenditure + Gross Domestic Capital Formation (Net Domestic Fixed Capital Formation + Depreciation + Closing Stock – Opening Stock) + Net Exports
GDP at MP = ₹ 1000 + ₹ 300 + (₹ 110 + ₹ 100 + ₹ 20 – ₹ 20) + 15
GDP at MP = ₹ 1525
GNP at MP = GDP at MP – Net Factor income to abroad
GNP at MP = ₹ 1525 – (- 10)
GNP at MP = ₹ 1535
Anurag Pathak Changed status to publish November 7, 2023
