Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital stock of the economy is valued at ₹ 1, 20 , 000 crores , which depreciates at the rate of `10%` per annum . Indirect taxes amount to ₹ 6, 000 crores and subsidies amount to ₹ 1, 000 crores . Estimate National Income of the economy.
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Calculate the Gross Profit/Gross Loss Purchases A/c ₹ 15,500, Sales A/c ₹ 30,000, Carriage Inward ₹ 1,200, Opening Stock ₹ 5,000
Cost of Goods Sold = Opening Stock + Purchases – Purchases Returns + Carriage Inward – Closing Stock = 5,000 + 15,500 – 500 + 1,200 – 18,000 = ₹ 3,200 Gross Profit...
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Suppose in a hypothetical economy, the savings increase by ₹ 20 crores when national income increases by ₹ 100 crores. Compute the additional investme
`MPS = "("("Change in Savings")/("Change in Income")")" = "("(DeltaS)/(DeltaY)")" = (20)/(100) = 0.20` Investment Multiplier (K) = `(1)/(MPS) = (1)/(0.20) = 5` Investment Multiplier (K) = `(1)/(MPS) = (1)/(0.20) =...
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Calculate the Gross value Added at Market price: (i) Goods and services tax 40 (ii) Consumption of fixed capital 15 (iii) Closing stock 20 (iv) Sales
`GVA_(mp)=iv+iii-vii-vi` `=700+20-10-400` =rs 310 lakh.
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Calculate the gross national product at factor cost the following data: (i) Net domestic fixed capital formation 350 (ii) Closing stock 100 (iii) Gove
`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.
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Calculate Gross Domestic Product at market price from the following data: (i) Consumption of fixed capital 50 (ii) Closing stock 40 (iii) Private fina
`GDP_(mp)=iii+vii+(x+i)+(vi-viii)` `=500+200+(300+50)+(25-40)` `=500+200+350+(-15)` =rs 1035 crore.
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Calculate Gross National Product at Market prices by (a) Expenditure method, and (b) Income method. (i) Compensation of employees 100 (ii) Private fin
Expenditure method `GNP_(mp)=ii=iv+vii-viii+xi` `=200+50+60-10+(-20)` `=rs 280` crore. Income Method `GNP_(mp)=i+iii+vi+v+xioii+xi+ix+x` `=100+20+10+10+100+(-20)+20+30` =rs 280 crore.
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From the following data, calculate Gross National Product at market prices: (i) Undistributed profits of private corporate enterprises 200 (ii) Rent 4
`GNP_(mp)=x+ii+iii+iv+xi+xii+ix+viii` `=250+400+200+600+100+(-10)+30+70` =rs 1640 crore
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Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .
Correct Answer - True . It happens because net factor income from abroad is zero due to no interaction with the rest of the world.
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Closing stock is always valued at cost or market price which is ___________
Correct option is (b) less
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Closing Stock is valued at cost or market price whichever is more.
This statement is False. Closing stock is valued at cost or market price whichever is less. It is based on the theory of anticipated profit is not brought with the account...
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