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Question
Calculation (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost:
| (Rs in crores) | ||
| 1 | Rent and Interest | 6000 |
| 2 | Wages and Salaries | 1800 |
| 3 | Undistributed Profit | 400 |
| 4 | Net indirect taxes | 100 |
| 5 | Subsidies | 20 |
| 6 | Corporation tax | 120 |
| 7 | Net factor income to abroad | 70 |
| 8 | Dividends | 80 |
| 9 | Consumption of fixed capital | 50 |
| 10 | Social security contribution by employers | 200 |
| 11 | Mixed income | 1000 |
Solution
NDPFC = Wages and salaries + SSC by employer + Rent and interest + Dividend + Corporation tax + undistributed profit + mixed income
NDPFC = 1800 + 200 + 6000 + 80 + 120 + 400 + 1000
NDPFC = Rs 9600 Crore
NNPMP = NDPFC + NFIA + NIT
NNPMP = 9600 + (-70) + 100
NNPMP = 9630
GDPFC = NDPFC + Consumption of fixed capital
GDPFC = 9600+ 50
GDPFC = 9650
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| (Rs in crore) | ||
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