The factor income earned by an economy amounted to Rs. 5,000 crores during a year. The economy suffers a capital loss of Rs. 300 crores due to an earthquake. The resident producers pay indirect taxes of Rs. 70 crores and they were also offered subsidies of Rs. 30 crores. Calculate `NNP_(MP)` of the economy.

The factor income earned by an economy amounted to Rs. 5,000 crores du

1.	The factor income earned by an economy amounted to Rs. 5,000 crores during a year. The economy suffers a capital loss of Rs. 300 crores due to an earthquake. The resident producers pay indirect taxes of Rs. 70 crores and they were also offered subsidies of Rs. 30 crores. Calculate `NNP_(MP)` of the economy.
Answer» `NNP_(MP)`=National Income+Net Indirect Taxes = 5,000+(70-30)=Rs. 5040 Crores.