Chapter 2 National Income - Part 2 Concept of GDP and GNP

Economics Class 12
Macroeconomics

Example 1

#### Calculate Domestic Income

 GNP MP 6000 Subsidies 200 Depreciation 100 NFIA 400 Indirect Taxes 300

Example 2

#### Calculate GNP FC

 NDP MP 25000 Depreciation 5000 Subsidies 30 Factor Income from Abroad 400 Factor Income to Abroad 600

Practicals

## Question 1

Calculate GNPFC  (Rs in crores)

 NDP MP 80,000 NFIA -200 Depreciation 4950 Subsidies 1770 Indirect Tax 10,600

## Question 2

Calculate the Domestic Income (Rs in crores)

 GNP MP 58,350 Indirect Tax 2590 Subsidies 1540 Depreciation 1625 NFIA -240

## Question 3

Calculate GDP MP

 National Income 6700 Consumption of Fixed Capital 180 Factor income from abroad 100 Indirect Taxes 130 Subsidies 70 Factor income to abroad 150

## Question 4

Calculate Domestic Income

 GNP FC 2700 Indirect Tax 60 Factor income from abroad 150 Factor income to abroad 180 Replacement of Fixed capital 150

## Question 5

Gross National Product at market prices of an economy is Rs65,000 crores.

The capital stock of the economy is valued at Rs1,20,000 crores, which depreciates at the rate of 10% per annum.

Indirect taxes amount to Rs6,000 crores and subsidies amount to Rs1,000 crores.

Estimate National Income of the economy.

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