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CBSE 2023 Class 12 Economics Outside Delhi Set 2

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Question : 1
Total: 9
SECTION-A
On the basis of the data given below for an imaginary economy, estimate the Net Domestic Product at Factor Cost (NDPFC) :
 S.No.  Items  Amount (₹ in crore)
 (i)  Household Consumption Expenditure  3,000
 (ii)  Government Final Consumption Expenditure  1,000
 (iii)  Net Domestic Fixed Capital Formation  1,000
 (iv)  Change in Stock  200
 (v)  Exports  500
 (vi)  Indirect Taxes  350
 (vii)  Imports  300
 (viii)  Subsidies  50
Solution:  
NDPFC=GDPMP− Depreciation - Net Indirect Taxes
=5400−0−300=5100‌ crore ‌
GDPMP = Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports =4000+1200+200=5400 crore
(a) Final Consumption Expenditure = Household Consumption Expenditure + Government Final Consumption Expenditure
=3000+1000=4000‌ crore ‌
(b) Gross Domestic Capital Formation = Net Domestic Fixed Capital Formation + Depreciation + Change in Stock
=1000+0+200=1200‌ crore ‌
(c) Net Export = Exports - Imports =500−300 =200 crore
(d) Net Indirect Taxes = Indirect Taxes - Subsides =350−50=300 crore
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