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Question

Calculate the Domestic Income:
ParticularsRs. in crores
(i) Gross national product at market price
(ii) Indirect Tax
(iii) Subsidies
(iv) Depreciation
(v) Net Factor income from abroad
58,350
2,590
1,540
1,625
-240

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Solution

Formula: NDP(at FC) = Gross national product at market price- Depreciation - Net Factor income from abroad - Indirect tax +Subsidies
= 58350 - 1625 + 240 -2590 +1540
= 55915.

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