हिंदी

On the basis of the data given below for an imaginary economy, estimate the Net Domestic Product at Factor Cost (NDPFC): S.NO. Items Amount (₹ in crore) (i) Household Consumption Expenditure 3,000 - Economics

Advertisements
Advertisements

प्रश्न

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

S.NO. Items Amount (₹ in crore)
(i) Household Consumption Expenditure 3,000
(ii) Government Final Consumption Expenditure 1,000
(iii) Net Domestic Fixed Capital Formation 1,000
(iv) Change in Stock 200
(v) Exports 500
(vi) Indirect Taxes 350
(vii) Imports 300
(viii) Subsidies 50
संक्षेप में उत्तर

उत्तर

NDPFC = GDPMP - Depreciation - Net Indirect Taxes

= 5,400 - 0 - 300 = 5100 crore

GDPMP = Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports 

= 4,000 + 12,000 + 200 = 5,400 crore

  1. Final Consumption Expenditure = Household Consumption Expenditure + Government Final Consumption Expenditure 
    = 3,000 + 1,000 = 4,000 crore
  2. Gross Domestic Capital Formation = Net Domestic Fixed Capital Formation + Depreciation + Change in Stock 
    = 1,000 + 0 + 200 = 1,200 crore
  3. Net Export = Exports - Imports = 500 - 300 = 200 crore
  4. Net Indirect Taxes = Indirect Taxes - Subsides = 350 - 50 = 300 crore
shaalaa.com
Gross and Net Domestic Product (GDP and NDP)
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2022-2023 (March) Outside Delhi Set 2

संबंधित प्रश्न

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) 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

 


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

Expenditure on purchasing a car for use by a firm.


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


NDPFC =?


For meaningful comparison common price level base is used because ______


______ is the difference between Domestic Income and National Income.


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.


Consider the following statements:

  1. The use of public parks increases welfare

  2. The distribution of GDP increases welfare

  3. Higher GDP always causes higher welfare

Which of the above statements are false?


What does the Factor Cost represent?


______ is shown by Nominal GDP.


______ states that as more and more units of variable factors are combined with the fixed factor, a stage must ultimately come when marginal product of the variable factor starts declining.


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.


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

What will be the growth rate of GDP according to the NSO?


Which of the following statements is false?


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.


State whether the following items will be included in the estimation of National Income or not? Give a reason for your answer.

Wooden cupboard purchased by a family.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×