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CBSE 2023 Class 12 Economics Outside Delhi Set 1

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Question : 14
Total: 52
On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at factor cost (NDPFC) :
 S.No.  Items  Amount (₹ in crore)
 (i)  Household Consumption Expenditure  2,000
 (ii)  Government Final Consumption Expenditure  1,500
 (iii)  Gross Domestic Fixed Capital Formation  1,000
 (iv)  Net additions to stock  300
 (v)  Exports  700
 (vi)  Net Indirect Taxes  350
 (vii)  Imports  200
 (viii)  Consumption of FixedCapital  250
Solution:  
NDPFC=GDPMP− Consumption of Fixed Capital - Net Indirect Taxes
=5300−250−350=4700‌ crore ‌
GDPMP= Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports =3500+1300+500=5300 crore
(a) Final Consumption Expenditure + Household Consumption Expenditure + Government Final Consumption Expenditure.
=2000+1500=3500‌ crore ‌
(b) Gross Domestic Capital Formation = Gross Domestic Fixed Capital Formation + Net addition to stocks
=1000+300=1300‌ crore ‌
(c) Net export = Exports - Imports =700−200
=500‌ crore ‌
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