हिंदी

Calculate 'Net Domestic Product at Market Price' and 'Gross National Disposable Income': - Economics

Advertisements
Advertisements

प्रश्न

Calculate 'Net Domestic Product at Market Price' and 'Gross National Disposable Income':

    (Rs crores)
1 Private final consumption expenditure 400
2 Opening stock 10
3 Consumption of fixed capital 25
4 Imports 15
5 Government final consumption expenditure 90
6 Net current transfers to rest of the world 5
7 Gross domestic fixed capital formation 80
8 Closing stock 20
9 Exports 10
10 Net factor income to abroad (-)5

 

उत्तर

Net Domestic Product at Market Price = Private final consumption expenditure + Government final consumption expenditure + Gross domestic fixed capital formation + change in stock + Net exports - depreciation

= 400 + 90 + 80 + (20 − 10) + (10 − 15) − 25

= Rs 550 crore

Gross National Disposable Income = Net domestic product at market price − Net factor
income to abroad + Consumption of fixed capital − Net current transfers to rest of the world

= 550 − (−5) + 25 − 5 

= Rs 575 crore

shaalaa.com
Gross and Net Domestic Product (GDP and NDP)
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2014-2015 (March) All India Set 3

संबंधित प्रश्न

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

Fees to a mechanic paid by a firm.


Calculate 'sales' from the following data:-

S. No. Particulars (Rs in laths)
(i) Net value added at factor cost 560
(ii) Depreciation 60
(iii) Change in stock (-)30
(iv) Intermediate cost 1000
(v) Exports 200
(vi) Indirect taxes 60

Calculate (a) national income (b) net national income disposable income:

    (Rs. in crores)
1 Net factor income to abroad (-) 50
2 Net indirect taxes 800
3 Net current transfers from rest of the word 100
4 Net imports 200
5 Private final consumption expenditure 5000
6 Government final consumption expenditure 3000
7 Gross domestic capital formation 1000
8 Consumption of fixed capital 150
9 Change in stock (-) 50
10 Mixed income 4000
11 Scholarship to students 80

 


Calculate the (a) Gross National Product at market price, and (b) Net National Disposable Income

  (Rs In crores)
(i) Compensation of employee 2,500
(ii) Profit 700
(iii) Mixed income of self- employed 7,500
(iv) Government final consumption expenditure 3,00
(v) Rent 400
(vi) Interest 350
(vii) Net factor income from abroad 50
(viii) Net current transfer to abroad 100
(ix) Net indirect taxes 150
(x) Depreciation 70
(xi) Net export 40

If the Real GDP is Rs 500 and Price Index (base = 100) is 125, calculate the Nominal GDP.


If the Nominal Gross Domestic Product = Rs 4,400 and the Price Index (base = 100) = 110, calculate the Real Gross Domestic Product.


Calculate value of "Interest" from the following data:

S. No. Particulars

Amount

(₹ in crores)

(i) Indirect tax 1,500
(ii) Subsidies 700
(iii) Profits 1,100
(iv) Consumption of fixed capital 700
(v) Gross domestic product at market price 17,500
(vi) Compensation of employees 9,300
(vii) Interest ?
(viii) Mixed income of self-employed 3,500
(ix) Rent 800

Profits earned by a branch of a foreign bank in India are ______ in the domestic product of India.


Which of the following are the limitations of using GDP as an index of the welfare of a country?


Suppose the GDP at a market price of a country in a particular year was Rs 1,100 crores. Net: factor Income from Abroad was Rs 100 crores. The value 1. 2. 3. 4. 5. of Indirect taxes − Subsidies was Rs 150 crores and National Income was Rs 850 crores. Calculate the aggregate value of depreciation.


______ is the output at base-year prices.


Assertion (A): GDP does not exhibit the structure of the product.

Reason (R): If the increase in GDP is mainly due to increased production of war equipment and ammunitions, then such an increase cannot improve welfare in the economy.


______ is shown by Nominal GDP.


Which of the following statements is incorrect?


Assertion: With every increase in the level of GDP, social welfare definitely increases in the economy.

Reason (R): GDP is not a true indicator of the welfare of the economy.


Read the below case and answer the question that follows:

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.


Suppose in a hypothetical economy there are only two Firms A and B, Firm A sold goods for ₹ 2,000 to Firm B and purchased goods for ₹ 1,000. Firm B exported goods for ₹ 2,500 and had domestic sales of ₹ 1,500. Calculate Net Domestic Product at market price, if consumption of fixed capital is ₹ 200.


From the following, calculate the value of net domestic product at factor cost:

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
(iv) Net additions to stock 300
(v) Exports 700
(vi) Net Indirect Taxes 350
(vii) Imports 200
(viii) Consumption of Fixed Capital 250

Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×