InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
Find Gross National Product at Market Price and Private Income :(Rs. In crore)(i) Private Final Consumption Expenditure800(ii) Net Current transfers to Abroad20(iii) Net Factor Income to Abroad(-) 10(iv) Government Final Consumption Expenditure300(v) Net Indirect Tax150(vi) Net Domestic Capital Formation200(vii) Current Transfers from Government40(viii) Depreciation100(ix) Net Imports30(x) Income Accruing to Government90(xi) National Debt Interest50 |
|
Answer» GDPMP = Private Final Consumption Expenditure + Government Final ConsumPtion Expenditure + (Net Domestic Capital Formation+ Depreciation) - Net Imports = 800 + 300 + (200 + 100) - 30 =1,370 GDPMP=1,370crore Now, GNPMP = GDPMP - Net Factor Income to Abroad =1,370 - (-10) = 1,380 Hence, GNPMP =Rs.1,380crore Private Income : GNPMP - Net Indirect Taxes - Depreciation - Income Accruing to Government + Current Tiansfers from Government - Net Current Tiansfers to Abroad + National Debt Interest = 1,380 - 150 - 100 - 90 + 40 -20 + 50 =Rs. 1,120 crore Hence, Private Income =Rs.1,120 crore |
|