National Income0.5.Q.3... From the following data, calculate GNP at MP

National Income0.5.Q.3... From the following data, calculate GNP at MP by Income and Expendituremethod:( in crores)(i)Mixed income of self-employees400Compensation of employees500Private final consumption expenditure900(iv)Net factor income from abroad(-) 20(v)Net indirect taxes(vi) Consumption of fixed capital(vii) Net domestic capital formation(viii) Net exports(ix) Profits350Rent100(xi) Interest150(xii) Government final consumption expenditure450(Ans.: 1,700 crores)(ECO) B.Ed.1

Answer»

Explanation:

GNP at MP = Mixed income + Compensation + NFIA + Consumption of FIXED capital + PROFIT + Rent + Interest

= 400 + 500 - 20 + 270 + 300 + 100 + 150

= 1700