Question

From the following data calculate the Gross National product at market price.

1) Value of output in primary sector	2000
2) Intermediate consumption of secondary sector	700
3) Net factor income from abroad	(–) 40
4) Net indirect taxes	200
5) Value of output in secondary sector	1900
6) Value of output in tertiary sector	2200
7) Intermediate consumption of primary sector	800
8) Intermediate consumption of teritiary sector	1500

Answer 1

GNP MP  = [Value of output in primary sector – value of intermediate consumption in primary sector] + [Value of output in secondary sector – value of intermediate consumption in secondary sector] + [Value of output in Teritiary – value of intermediate consumption in Teritiary sector] + Net factor income from abroad.

= [2000 – 800] + [1900 – 700] + [2200 – 1500] + (–) 40 

= 1200 + 1200 + 700 – 40 

= 3100 – 40 

= 3060 Rs. Crores.