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From the following data, calculate GNPMP and National Income by using the value-added method:(i) The gross value of output in the primary sector (at FC)950 crores(ii) Gross value of output in the secondary sector (at FC)470 crores(iii) Gross value of output in the tertiary sector (at FC)500 crores(iv) Value of intermediate goods in the primary sector360 crores(v) Value of intermediate goods in the secondary sector200 crores(vi) Value of intermediate goods in the tertiary sector175 crores(vii) Depreciation20 crores(viii) Indirect tax35 crores(ix) Subsidy10 crores(x) Net factor income from abroad4 crores |
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Answer» Given: GVO primary (FC) = 950 GVO secondary (FC) = 470 GVO tertiary (FC) = 500 Value of intermediate goods in primary sector = 360 Value of intermediate goods in secondary sector = 200 Value of intermediate goods in tertiary sector = 175 Depreciation = 20 Indirect tax = 35 Subsidy = 10 NFIA = 4 GVAFC = Gross value of output in each sector – Intermediate product in each sector = (950 – 360) + (470 – 200) + (500 – 175) = Rs 1185 crore GNPMP = GVAFC + Indirect tax – Subsidy + NFIA = 1185 + 35 – 10 + 4 = Rs 1214 crore National Income (NNPFC) = GVAFC – Depreciation + NFIA = 1185-20 + 4 = Rs 1169 crore |
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