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In a single day , Raju , the barber , co...

In a single day , Raju , the barber , collects ₹ 500 from haircuts , over this day , his equipment depreciates in value by ₹ 50 . Of the remaining ₹ 450 , Raju pays indirect tax worth ₹ 30 , takes home ₹ 200 and retains ₹ 220 for improvement and buying of new equipment . He further pays ₹ 20 as income tax from his income . Based on this information , complete Raju's contribution to the following measures of income (a) Gross Domestic Product (b) NNP at market price (c) NNP at factor cost.

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In the given questions , Depreciation = ₹ 50 , Indirect taxes = ₹ 30 , Retained earning = ₹ 220 , Personal direct tax = ₹ 20.
(a) Gross Domestic Product (GDP) = ₹ 500
(b) `NNP_(MP)` = GDP - depreciation = 500 - 50 = ₹ 450
(c) `NNP_(FC) = NNP_(MP)` - Indirect Tax = 450 - 30 = ₹ 420
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