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Suppose the GDP at market price of a co...

Suppose the GDP at market price of a country in a particular year was ₹ 1, 100 crores . Net factor Income from Abroad was ₹ 100 crores . The value of (Indirect taxes - Subsidies) was ₹ 150 crores and National Income was ₹ 850 crores. Calculate the aggregate value of depreciation.

Answer

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Suppose in an imaginary economy, GDP at Market Price in a particular fiscal year was Rs. 4,000 crores, National Income was Rs. 2,500 crores, Net Factor Income paid by the economy to Rest of the World was Rs. 400 crores and the value of Net Indirect Taxes is Rs. 450 Crores. Estimate the value of consumption of fixed capital for the economy from the given data.

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Knowledge Check

  • From the following information , compute GNP_(MP) . GDP_(FC) = ₹ 3, 000 . Net factor income to abroad = ₹ 200 . Indirect Taxes = ₹ 420 , Subsidies = ₹ 240 .

    A
    3380
    B
    2, 980
    C
    3020
    D
    2, 620

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