Q16.(a) From the following data, calculate Gross Domestic Product atFactor Cost.(Rs. in crores)(i) Gross domestic capital formation600(ii)Interest200Gross National Product at market price 2,800(iv) Rent300(v) Compensation of employee1600(vi) Net exports(-)30(vii) Net indirect taxes240(viii) Net Domestic fixed capital formation400(ix) Profits450(x) Dividends(xi) Factor income from abroad50(xii) Change in stock100(b) "Expenditure incurred by a shopkeeper on purchase of garments from agarment manufacturer should not be included in the estimation of GDP." 3+Do you agree with the given statement? Support your with valid reason.1503

Q16.(a) From the following data, calculate Gross Domestic Product atFa

1.	Q16.(a) From the following data, calculate Gross Domestic Product atFactor Cost.(Rs. in crores)(i) Gross domestic capital formation600(ii)Interest200Gross National Product at market price 2,800(iv) Rent300(v) Compensation of employee1600(vi) Net exports(-)30(vii) Net indirect taxes240(viii) Net Domestic fixed capital formation400(ix) Profits450(x) Dividends(xi) Factor income from abroad50(xii) Change in stock100(b) "Expenditure incurred by a shopkeeper on purchase of garments from agarment manufacturer should not be included in the estimation of GDP." 3+Do you agree with the given statement? Support your with valid reason.1503
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