GDP Deflator|Income Deflator|GNP Deflator |Numerical

Mention the situations in which following equations will hold true: (i) National Income = Domestice Income (ii) GDP_(FC) gt GDP_(MP) (iii) NNP_(FC) lt NDP_(FC) (iv) GDP_(FC) = GDP_(MP) (v) Domestic Income is greater than National Income.

The value of the nominal GNP of an economy was Rs. 2500 crores in a particular year. The value of GNP of that country during the same year, evaluated at the prices of some base year, was Rs. 3000 crores. Calculate the value of the GNP deflator of the year in percentage terms. Has the price level risen between the base year and the year under consideration ?

When will GDP of an economy be equal to GNP ?

Calculate GDP at MP by Income method and National income by Expenditure method.