Economics20795 marksNumerical: GDP and national incomeExpenditure approach to GDP calculation
Calculate Gross Domestic Product (GDP) and National Income | S.N. | Items | Rs. (in Millions) | |------|-------|-------------------| | 1 | Personal Consumption Expenditure | 6500 | | 2 | Indirect tax less subsidies | 150 | | 3 | Government consumption and investment expenditure | 2500 | | 4 | Change
Calculate Gross Domestic Product (GDP) and National Income
| S.N. | Items | Rs. (in Millions) |
|---|---|---|
| 1 | Personal Consumption Expenditure | 6500 |
| 2 | Indirect tax less subsidies | 150 |
| 3 | Government consumption and investment expenditure | 2500 |
| 4 | Change in business inventories | 100 |
| 5 | Gross Private domestic fixed investment | 950 |
| 6 | Exports | 900 |
| 7 | Net factor payments to the rest of the world | -100 |
| 8 | Imports | 1200 |
| 9 | Depreciation | 200 |
| 10 | Foreign investment | 250 |
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Item Rs. (Millions) --------------------- Personal Consumption Expenditure (C) 6500 Indirect tax less subsidies 150 Government consumption & investment (G) 2500 Change in business inventories 100 Gross Private domestic fixed investment 950 Exports (X) 900 Net factor payments to rest of world −100...