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Calculate: (a) GDP(MP) by Income method,...

Calculate: (a) `GDP_(MP)` by Income method, and (b) Closing stock.

Text Solution

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The correct Answer is:
Rs. 820 crores
Rs. 40 crores.
(a) `GDP_(MP)` by Income method
=(ii)+(v)+(xiv)+(vi)+(x)+(vii)+{(iv)-(xiii)}
=120+150+250+20+200+30+{60-10}
= Rs. 820 crores
(b) Closing Stock
=`GDP_(MP)` - Private final consumption expenditure-Government final consumption expenditure-Gross fixed capital formation +Opening stock - Net exports
=820-450-50-300+10-(-)10
= Rs. 40 crores
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