Economics20815 marksNumerical: GDP national income calculationExpenditure approach to GDP calculation
Calculate GDP at market price and National Income (NI) from the following data. | Items | Rs | |---|---| | Personal Consumption Expenditure | 2800 | | Indirect Tax | 118 | | Government Expenditure | 2000 | | Closing Stock | 180 | | Gross Private Domestic Fixed Investment | 1300 | | Export | 1000 | |
Calculate GDP at market price and National Income (NI) from the following data.
| Items | Rs |
|---|---|
| Personal Consumption Expenditure | 2800 |
| Indirect Tax | 118 |
| Government Expenditure | 2000 |
| Closing Stock | 180 |
| Gross Private Domestic Fixed Investment | 1300 |
| Export | 1000 |
| Net Factor Income from Abroad | -100 |
| Inputs | 1100 |
| Depreciation | 190 |
| Opening Stock | 105 |
| Subsidies | 70 |
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Item Rs ------ Personal Consumption Expenditure (C) 2800 Indirect Tax 118 Government Expenditure (G) 2000 Closing Stock 180 Gross Private Domestic Fixed Investment 1300 Export (X) 1000 Net Factor Income from Abroad (NFIA) −100 Inputs 1100 Depreciation 190 Opening Stock 105 Subsidies 70 Note: Impo...