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Question

From the data below, calculate the GDP at market price. Items(in lakh)Gross Investment90Exports40Imports30Private Consumption Expenditure350Government Purchase of Goods60Government Purchase of Services40Inventory Investment50


  1. 660 lakh

  2. 700 lakh

  3. 600 lakh

  4. 750 lakh


Solution

The correct option is C

600 lakh


GDP = Gross Investment + Inventory Investment + (Exports - Imports ) + Private Consumption Expenditure + Government Purchase of Goods + Government Purchase of Services.

GDP = 90 + 50 + (40 - 30) + 350 + 60 + 40

GDP = 600 lakh

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