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Calculate the Gross National Product at ...

Calculate the Gross National Product at Market Price by (a) Income method, and (b) expenditure method.
(i) Net exports 10
(ii) Rest 20
(iii) Private final consumption expenditure 400
(iv) Interest 30
(v) Dividends 45
(vi) Undistributed profits 5
(vii) Corporate tax 10
(viii) Government final consumption expenditure 100
(ix) Net domestic capital formation 50
(x) Compensation of employees 400
(xi) Consumption of fixed capital 10
(xii) Net indirect tax 50
(xiii) Net factor income from abroad (-)10.

Text Solution

Verified by Experts

(a) `GNP_(mp)=x+ii+iv+(v+vi+vii)+xiii+xii+xi`
(Income method)=400+20+30+(45+5+10)+(-10)+50+10
=rs 560 crore.
(b) `GNP_(mp)=iii+viii+(ix+xi)+i+xiii`
(Expenditure method)`=4000+100+(50+10)+10+(-10)`
`=400+100+60+10-10`
=rs 560 crore.
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