Q. 245.0( 3 Votes )

<span lang="EN-GB

Answer :

a. NNP at a Market price: COE+OS+MISE+NFIA+NIT


• Compensation of employees (COE): Wages and salaries + social security compensation


• Operating Surplus (OS): Rent + Interest + Profit


• Mixed-Income of Self Employed (MISE): Mixed-income


• Net Income from Abroad (NFIA): National income from aboard – National income to abroad.


• Net Indirect Tax: Indirect tax – Subsidies


COE = 1800+200 = 2000


OS = 6000+400+120+80 = 6600


MISE = 1000


NFIA = 0 – 70 = -70


NIT = 100 (given)


NNP at MP = 2000+6600+1000+(-70)+100


= 9630


b) GDP at Factor cost: NNP at MP + Depreciation (Consumption of fixed capital)


= 9630 + 50


= 9680


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Calculate nationaEconomics - Board Papers

Define flows.

Economics - Board Papers

National income iEconomics - Board Papers

Calculate net natEconomics - Board Papers

Find Gross Economics - Board Papers