Gross National Product at market prices of an economy is ₹ 65,000 Crores. The capital stock of the economy is valued at ₹ 1,20,000 crores, which depreciates at the rate of 10% per annum
Gross National Product at market prices of an economy is ₹ 65,000 Crores. The capital stock of the economy is valued at ₹ 1,20,000 crores, which depreciates at the rate of 10% per annum. Indirect taxes amount to ₹ 6,000 Crores and subsidies amount to ₹ 1,000 Crores. Estimate National Income of the economy.
Ans: ₹ 48,000 Crores
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Solution:-
(i) GNP at MP = ₹ 65,000 Crores
(ii) Depreciation = ₹ 1,20,000 × 10% = ₹ 12,000
(iii) Indirect Taxes = ₹ 6,000 Crores
(iv) Subsidies = ₹ 1,000 Crores
National Income (NNP at FC) = GNP at MP – Depreciation – (Indirect Taxes – Subsidies)
National Income (NNP at FC) = ₹ 65,000 – ₹ 12,000 – (₹ 6,000 – ₹ 1,000)
National Income (NNP at FC) = ₹ 48,000 Crores
Anurag Pathak Changed status to publish November 12, 2023
