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

Economics Class 12
Macroeconomics

In some questions, we are given both starting and ending values

We have to calculate Missing Values like Indirect tax, Subsidy, Depreciation, Factor Income etc

Example 5

Calculate Consumption of Fixed Capital

 National Income (NNP FC ) 4000 GDP MP 5000 Net Indirect Taxes 300 NFIA 200

Practicals

Question 1

Calculate Indirect Taxes from the following

 NDP FC 55,915 Subsidies 1540 Factor income from abroad 625 Consumption of Fixed Capital 1625 Factor income to abroad 865 GNP MP 58,350

Question 2

 GNP FC 4820 Subsidies 80 Factor income from abroad 400 Depreciation 480 Indirect Tax 100 NDP MP 3700

Question 3

Calculate Depreciation

 NDP MP 80,000 Indirect Tax 10,600 GNP FC 75,920 Factor income to abroad 700 Factor income from abroad 500 Subsidies 1770

Question 4

Calculate Subsidies

 GDP FC 55,000 Indirect Tax 4400 Factor income to abroad 600 NNP MP 55,500 Factor income from abroad 1300 Depreciation 2500

Example 6

Calculate Net Indirect Tax

 GNP MP 7000 NDP FC 6200 Depreciation 600 NFIA -400

Example 7

Calculate Subsidies

 GNP FC 27,710 Consumption of fixed capital 4000 Indirect Tax 120 Factor income from abroad 400 NDP MP 24,000 Factor income to abroad 600

Example 8

 GNP MP 4500 Replacement of fixed capital 100 Indirect Taxes 300 Subsidies 200 Factor income from abroad 700 NDP FC 3900

Example 10

Calculate

(a) Depreciation

(b) Subsidies

(c) NDPFC

 GNP FC 95,000 Indirect Tax 14,000 NDP MP 1,00,422 NNP MP 1,00,000 GNP MP 1,07,000

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