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the following, calculate the value of net domestic product at factor cost: Items (i) Royalty (ii) Rent (iii) Interest (iv) Compensation of Employees (v) Profit (vi) Dividends - Economics

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प्रश्न

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
योग

उत्तर

OS = Rent + Royalty + Interest + Profit

= 75 + 5 + 30 + 45

= 155 crores

NDPFC = COE + OS + MI

= 600 + 155 + 100

= 855 crores

shaalaa.com
Gross and Net Domestic Product (GDP and NDP)
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2021-2022 (April) Term 2 - Delhi Set 3

संबंधित प्रश्न

Calculate Net Domestic Product at Factor Cost and Private Income:

    Rs crore
1 Gross National Disposable Income 600
2 Net current transfers to abroad (-)20
3 Consumption of fixed capital 60
4 Current transfers from government 30
5 Indirect tax 100
6 Income accruing to government 80
7 Subsidies 10
8 Net factor income to abroad (-)10
9 National debt interest 40
10 Personal tax 150

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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

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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.


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Column I Column II
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Column A Column B
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Read the below case and answer the question that follows:

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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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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

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Statement 2: Gross Value Added at Market Price (GVAMP) is equal to the excess of value of output over intermediate consumption.

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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.


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