From the following data, Calculate Gross National Product at Market Price Dividends ₹ 300 Compensation of Employees ₹ 3,000
From the following data, Calculate Gross National Product at Market Price:
| Particulars | ₹ in Crores |
| (i) Dividends | 300 |
| (ii) Compensation of Employees | 3,000 |
| (iii) Rent | 500 |
| (iv) Depreciation | 200 |
| (v) Interest | 800 |
| (vi) Net Factor income to abroad | 100 |
| (vii) Mixed income | 5,000 |
| (viii) Net indirect taxes | 400 |
| (ix) Profit | 1,500 |
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
Calculation of Net Domestic Product at Factor Cost
NDP at FC = Compensation of Employees + Mixed Income + Rent + Interest + Profit
NDP at FC = ₹ 3,000 + ₹ 5,000 + ₹ 500 + ₹ 800 + ₹ 1,500
NDP at FC = ₹ 10,800
Calculation of Gross National Product at Market Price
GNP at MP = NDP at FC + Depreciation – Net factor income to abroad + Net Indirect Taxes
GNP at MP = ₹ 10,800 + ₹ 200 – ₹ 100 + ₹ 400
GNP at MP = ₹ 11,300 Crore
Anurag Pathak Changed status to publish November 7, 2023
