From the following information, compute GNP at MP, GDP at FC = ₹ 3,000; Net factor income to abroad = ₹ 200. Indirect taxes = ₹ 420; Subsidies = ₹ 240
From the following information, compute GNP at MP, GDP at FC = ₹ 3,000; Net factor income to abroad = ₹ 200. Indirect taxes = ₹ 420; Subsidies = ₹ 240.
(a) ₹ 3,380
(b) ₹ 2,980
(c) ₹ 3,020
(d) ₹ 2,620
Anurag Pathak Changed status to publish December 22, 2023
Ans – (b)
Solution:-
GNP at MP = GDP at FC – Net factor income to abroad + Net indirect taxes (Indirect taxes – Subsidies)
GNP at MP = ₹ 3,000 – ₹ 200 + ₹ 420 – ₹ 240
GNP at MP = ₹ 2,980
Anurag Pathak Changed status to publish December 7, 2023
