Calculate the gross national product at factor cost the following data:
(i) Net domestic fixed capital formation 350
(ii) Closing stock 100
(iii) Government final consumption expenditure 200
(iv) Net indirect tax 50
(v) Opening stock 60
(vi) Consumption of fixed capital 50
(vii) Net exports (-)10
(viii) Private final consumption expenditure 1500
(ix) Imports 20
(x) Net factor income from abroad (-)10.


Share with your friends
Call

`GNP_(fc)=viii+iii+(i+vi+ii-v)+vii+x.-iv`
`=1500+200+(350+50+100-60)+(-10)+(-10)-50`
`=1500+200+440-10-10-50`
=rs 2070 crore.

Talk Doctor Online in Bissoy App