Question

Find out Gross National Product at Market Price.

$\begin{array}{cc}& \text{(Rs. in crore)}\\ \text{(i) Private final}& 1,000\\ \text{consumption expenditure}& \\ \text{(ii) Depreciation}& 100\\ \text{(iii) Net national}& 1,500\\ \text{disposable income}& \\ \text{(iv) Closing Stock}& 20\\ \text{(v) Government final}& 300\\ \text{consumption expenditure}& \\ \text{(vi) Net indirect tax}& 50\\ \text{(vii) Opening stock}& 20\\ \text{(viii) Net domestic fixed}& 110\\ \text{capital formation}& \\ \text{(ix)Net exports}& 15\end{array}$

Answer 1

(i) $GN{P}_{MP}$

= Private final consumption expenditure + Government final cosumption expenditure + (Net domestic fixed capital formation + Closing stock - Opening stock + Depreciation) + Net exports

= (i) + (v) + [viii + (iv) - (vii) + (ii] + (ix)

= 1,000 + 300 + (110 + 20 - 20 - 20 + 100) + 15

= 1,300 + 210 + 15 = Rs. 1,525 crore