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in Economics by (79.0k points)

Calculate

(a) Net National Product at market price, and

(b) Gross Domestic Product at factor cost. (Rs. in crores)

(i) Rent and interest  6,000

(ii) Wages and salaries     1,800

(iii) Undistributed profit   400

(iv) Net indirect taxes  100

(v) Subsidies    20 

vi) Corporation tax  120

(vii) Net factor income to abroad  70

(viii) Dividends    80

(ix) Consumption of fixed capital  50

(x) Social security contribution by employers       200  

(xi) Mixed income 1,000             

1 Answer

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Best answer

Detailed Answer :

Compensation of Employees => (ii) + (x)

= 1800 + 200 = 2,000

Operating Surplus = (i) + (iii) + (vi) + (viii) => 6,000 + 400 + 120 + 80 = 6,600

Mixed Income = (xi) = 1,000

Now, NDPFC = Compensation of Employees + Operating surplus + Mixed Income

NDPFC = 2,000 + 6,600 + 1,000

 = 2,000 + 6,600 + 1,000 = 9,600

NNPMP = NDPFC – (vii) + (iv)

= 9,600 – 70 + 100 = 9630

GDPFC = NDPFC + (ix)

= 9600 + 50

= 9,650

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