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Question
Find out (i) Gross National Product at Market Price and (ii) Net Current Transfers from Abroad:
|
S. No. |
Items |
(Rs Crore) |
|
(i) |
Private final consumption expenditure |
1000 |
|
(ii) |
Depreciation |
100 |
|
(iii) |
Net national disposable income |
1500 |
|
(iv) |
Closing stock |
20 |
|
(v) |
Government final consumption expenditure |
300 |
|
(vi) |
Net Indirect tax |
50 |
|
(vii) |
Opening stock |
20 |
|
(viii) |
Net domestic fixed capital formation |
110 |
|
(ix) |
Net exports |
15 |
|
(x) |
Net factor income to abroad |
(–) 10 |
Solution
GNPMP= Private Final Consumption Expenditure + Government Final Consumption Expenditure + Net Exports + Net Domestic Fixed Capital Formation + Depreciation − Net Factor Income to Abroad
= 1000 + 300 + 15 + 110 + 100 − (−) 10
= Rs 1535 crore
Net Current Transfers from Abroad = National Disposable Income − National Income − Net Indirect Taxes
National Income (NNPFC) = GNPMP− Depreciation − Net Indirect Taxes
= 1535 − 100 − 50
= Rs 1385 crore
Thus, Net Current Transfers from Abroad = 1500 − 1385 − 50
= Rs 65 crore
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