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Household Income

Calculate GDP...

Question

Calculate GDP at MP:
Particulars Rs. in crores
(i) National Income
(ii) Consumption of Fixed Capital
(iii) Factor income from abroad
(iv) Indirect Taxes
(v) Subsidies
(vi) Factor income to abroad 6,700
180
100
130
70
150

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Solution

Formula: GDP at MP= National Income + Consumption of Fixed Capital + Factor income to abroad + Indirect Taxes - Subsidies
= 6700 + 180 + 150 + 130 - 70
= 7090.

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Q. Calculate (a) Domestic Income; (b) National Income

Particulars	Rs. in crores
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Q. Calculate National Income or NNP at FC:

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Q. Calculate Indirect Taxes from the following data:

Particulars	Rs. in crores
(i) NDP at FC (ii) Subsidies (iii) Factor income from abroad (iv) Consumption of Fixed Capital (v) Factor income to abroad (vi) GNP at MP	55,915 1,540 635 1,625 865 58,350

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(i) GNP at FC (ii) Indirect Taxes (iii) Factor income from abroad (iv) Factor income to abroad (v) Replacement of Fixed Capital	2,700 60 150 180 150

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