CBSE 2014 Class 12 Economics Outside Delhi Set-3

Question : 5

Total: 5

Calculate the Net National Product at Market Price' and 'Gross National Disposable Income** from the following: (₹ in Arab)

(i) Closing stock	10
(ii) Consumption of fixed capital	40
(iii) Private final consumption expenditure	600
(iv) Exports	50
(v) Opening stock	20
(vi) Government final consumption expenditure	100
(vii) Imports	60
(viii) Net domestic fixed capital formation	80
(ix) Net current transfers to abroad	(-)10
(x) Net factor income from abroad	30

Solution:

NNPMP = Private final consumption expenditure + Government final consumption expenditure + Net domestic fixed capital formation +[ Closing stock - Opening stock] + [Exports - Imports] - Net factor income from abroad
‌=(‌ iii ‌)+(‌ vi ‌)+(‌ viii ‌)+[(i)−(v)] +[(iv)−(‌ vii ‌)]−(x)
‌=600+100+80+[10−20] +[50−60]−30
‌=780−10−10−30 =‌ ₹ 730 Arab ‌

Go to Question:

Prev Question