from the following data calculate domestic income at MP and NNP at FC sales in domestic market 3500 - Economics - National Income Accounting

Question

from the following data calculate domestic income at MP and NNP at
FC
sales in domestic market 3500
purchase of materials 600
consumption of fixed capital 150
total sales 10500
excise duty 145
opening duty 100
intermediate consumption 1050
closing stock 85
net factor income from abroad 75

Vanita Rana · Accepted Answer

Dear Student,

GDPMP=Total Sales+(Closing stock-Opening stock)-Intermediate consumption             =10500+(85-100)-1050             =9435NNPFC=GDPMP-Consumption of fixed capital-Excise duty+NFIA             =9435-150-145+75             =9215

from the following data calculate domestic income at MP and NNP at FC sales in domestic market 3500purchase of materials 600 consumption of fixed capital 150total sales 10500excise duty 145opening duty 100intermediate consumption 1050closing stock 85net factor income from abroad 75

from the following data calculate domestic income at MP and NNP at FC
sales in domestic market 3500
purchase of materials 600
consumption of fixed capital 150
total sales 10500
excise duty 145
opening duty 100
intermediate consumption 1050
closing stock 85
net factor income from abroad 75