मराठी

Given the Following Data, Find the Values of "Gross Domestic Capital Formation" and "Operating Surplus". - Economics

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प्रश्न

Given the following data, find the values of "Gross Domestic Capital Formation" and "Operating Surplus".

S. No. Particulars

Amount

(₹ in crores)

(i) National Income 22,100
(ii) Wages and Salaries 12,000
(iii) Private Final Consumption Expenditure 7,200
(iv) Net Indirect Taxes 700
(v) Gross Domestic Capital Formation ?
(vi) Depreciation 500
(vii) Government Final Consumption Expenditure 6,100
(viii) Mixed Income of Self-Employed 4,800
(ix) Operating Surplus ?
(x) Net Exports 3,400
(xi) Rent 1,200
(xii)   (-)
  Net Factor Income From Abroad 150
थोडक्यात उत्तर

उत्तर

Given: National Income (NNPFC) = 22,100
GDPMP = NNPFC + Depreciation + NIT - NFIA
GDPMP  = 22,100 + 500 - (- 150)
GDPMP = 23,450
GDPMP = Private Final Consumption Expenditure + Gross Domestic Capital Formation + Government Final Consumption Expenditure + Net Exports
23,450 = 7,200 + Gross Domestic Capital Formation + 6,100 + 3,400 
Gross Domestic Capital Formation = 6,750 crores

NDPFC = NNPFC - NFIA
NDPFC = 22,100 - (- 150)
NDPFC = 22,250
NDPFC = Wages and Salaries + Operating Surplus + Mixed Income of Self Employed
22,250 = 12,000 + Operating Surplus + 4,800
Operating Surplus = ₹5,450 crores

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Gross and Net Domestic Product (GDP and NDP)
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2018-2019 (March) 58/2/1

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

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

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

 


Calculate ‘net national product’ at factor cost and 'private income' from the following:

    (Rs Arab)
1 National debt interest 60
2 Wages and salaries 600
3 Net current transfers to abroad 20
4 Rent 200
5 Transfer payments by the government 70
6 Interest 300
7 A net domestic product at factor cost accruing to government 140
8 Social security contributions by employers 100
9 Net factor income paid to abroad 50
10 Profits 300

 


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


Explain how ‘distribution of gross domestic product’ is a limitation in taking gross domestic product as an index of welfare. 


Define the Gross Domestic Product.


NDPMP = ____________.


NDPFC =?


For meaningful comparison common price level base is used because ______


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Column A Column B
1. Welfare of the people (a) Social Welfare
2. Total of economic and non-economic welfare (b) Economic  Welfare
3. Benefits or harms of an activity caused by a firm. (c) Externalities
4. Material well being of the people (d) Real GDP 

______ is Domestic Income.


______ is the difference between gross and net.


Growth of GDP and Major Sectors (in %)

Column I Column II
(1) Feature of Perfect Competition (a) Only one buyer
(2) Feature of the Monopoly Market (b) Only a few sellers
(3) Features of Monopolistic Competition (c) a Large Number of Buyers and Sellers
(4) Features of the Monopoly Market (d) Only a few buyers

______ is shown by Nominal GDP.


Real GDP is considered as an index of:


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).

Assertion (A): Real GDP is the true indicator of the growth of the economy.

Reason (R): Real GDP is nominal GDP adjusted for inflation used to measure the actual growth of production.


For a closed economy (with no foreign trade), which one of the following is correct?


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