Calcualte Gross Domestic Product at market price from the following data:
(i) Net valueadded at market price by:
(a) Primary sector 700
(b) Secondary sector 1000
(c) Tertiary sector 1000
(ii) Net exports (-)10
(iii) Net indirect tax 100
(iv) Value of intermediate consumption in:
(a) Primary sector
(b) Secondary sector 300
(c) Tertiary sector 300
(v) Consumption of fixed capital in:
(a) Primary sector 20
(b) Secondary sector 50
(c) Tertiary sector 30

Explanation

`GDP_(mp)=(ia+ib+ic)+(va+vb+vc)`
`=(NDP_(mp))+(CFC)`
`=(700+1000+1000)+(20+50+30)`
`=2700+100`
=rs 2800 lakh.