हिंदी

Calculate (A) Net National Product at the Market Price and (B) Gross National Disposable Income: Gross Domestic Fixed Capital Formation Private Final Consumption Expenditure Government Final Consumption Expenditure - Economics

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प्रश्न

Calculate (a) net national product at the market price and (b) gross national disposable income:

    (Rs in crores)
1 Gross domestic fixed capital formation 400
2 Private final consumption expenditure 8,000
3 Government final consumption expenditure 3,000
4 Change in stock 50
5 Consumption of fixed capital 40
6 Net indirect taxes 100
7 Net exports (-) 60
8 Net factor income to abroad (-) 80
9 Net current transfers from abroad 100
10 Dividend 100

 

उत्तर

1) NNPMP= Private final consumption expenditure + Government final consumption expenditure + Gross domestic fixed capital formation + Change in stock + Net exports - Consumption of fixed capital – Net factor income abroad

= 8,000 + 13,000 + 400 + 50 + (- 60) -40 - (- 80)

= Rs 11,430 crores

2) Gross National Disposable Income = NNPMP +Net current transfers from abroad

= 11,430 + 100

= Rs 11,530 crores

shaalaa.com
Gross and Net Domestic Product (GDP and NDP)
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2016-2017 (March) Delhi Set 3

संबंधित प्रश्न

Giving reason explain how should the following be treated in estimating gross domestic product at market price?

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How will you treat the following while estimating domestic product of a country? Give reasons for your answer:

Gifts are given by an employer to his employees on Independence Day


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If the Real Gross Domestic Product is Rs 250 and the Price Index (base = 100) is 120, calculate the Nominal Gross Domestic Product.


Giving reason explain how should the following be treated in estimating gross domestic product at market price?

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S. No.

                                Items

(Rs Crore)

(i)

Private final consumption expenditure

1000

(ii)

Depreciation

100

(iii)

Net national disposable income

1500

(iv)

Closing stock

20

(v)

Government final consumption expenditure

300

(vi)

Net Indirect tax

50

(vii)

Opening stock

20

(viii)

Net domestic fixed capital formation

110

(ix)

Net exports

15

(x)

Net factor income to abroad

(–) 10

 


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The country's real gross domestic product (GDP) is likely to expand by 11 percent in the next financial year due to a faster economic recovery and on a low base, says a report. The report by domestic rating agency Brickwork Ratings said economic activities are slowly reaching PRE-COVID levels following the relaxation of the lockdown, except in sectors that remain affected by social distancing norms.

"With progress in developing an effective vaccine for COVID-19 and signals of faster-than-expected recovery in the domestic economy, and also supported by a low base, we expect the real GDP to grow at 11 percent in F/Y 22, from the estimated contraction of 7 percent to 7.5 percent in F/Y 21," the agency said.

According to the first advance estimates of national income released by the National Statistical Office (NSO), the country's GDP is estimated to contract by a record 7.7 percent during the current financial year.
- "Real GDP to grow at 11 percent in F/Y 22: Report"                                  Economic Times, 21st Jan 2021

Read the following statements Assertion (A) and Reason (R).

Choose one of the correct alternatives given below:

Assertion (A): The country's real gross domestic product is likely to expand.

Reason (R): Some sectors remain affected by social distancing norms.


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The country's real gross domestic product (GDP) is likely to expand by 11 percent in the next financial year due to a faster economic recovery and on a low base, says a report. The report by domestic rating agency Brickwork Ratings said economic activities are slowly reaching PRE-COVID levels following the relaxation of the lockdown, except in sectors that remain affected by social distancing norms.

"With progress in developing an effective vaccine for COVID-19 and signals of faster-than-expected recovery in the domestic economy, and also supported by a low base, we expect the real GDP to grow at 11 percent in F/Y 22, from the estimated contraction of 7 percent to 7.5 percent in F/Y 21," the agency said.

According to the first advance estimates of national income released by the National Statistical Office (NSO), the country's GDP is estimated to contract by a record 7.7 percent during the current financial year.
- "Real GDP to grow at 11 percent in F/Y 22: Report"                                  Economic Times, 21st Jan 2021

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S.No. Items Amount in
(₹ crore) 
(i) Royalty 5

(ii)

Rent 75
(iii) Interest 30
(iv) Compensation of
Employees
600
(v) Profit 45
(vi) Dividends 20
(vii) Mixed Income
of self employed
100

On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at factor cost (NDPFC):

S.No. Items Amount
(₹ in crore)
(i) Household Consumption Expenditure 2,000
(ii) Government Final Consumption Expenditure 1,500
(iii) Gross Domestic Fixed Capital Formation 1,000
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