calculate gnp at market price in income method and production method
value of output in primary sector 1000 crores
indirect tax 200 crores
compensation of employees 780 crores
net factor income to abraoad 100 crores
intermediate purchases by all sectors 2900 crores
rent 300
value of output by secondary sector 2000 crores
subsidy 50 crores
interst 600
depreciation 120
value of output in tertiary sector 3000
profits 320
mixed income of self employed 830
plz experts and friends solve this question and help me as soon as posible
INCOME METHOD
NDPfc= compensation od employees + mixed income of self employed + profits + interest + rent
=780+830+320+600+300
=2830
GNPmp=NDPfc+ deprecation - net factor income to abroad + net indirect taxes
=2830+ 120 - 100+( indirect tax - subsidies)
=2850 + (200-50)
=3000 crores
PRODUCTION METHOD
GDPmp= Value of output by all sectors -
=(Value of output by primary sector + Value of output by secondary sectors + Value of output by tertiary sectors) - intermediate purchases by all sectors
=(1000+2000+3000) -2900
=6000-2900
=3100
GNPmp= GDPmp - net factor income to abroad
=3100-100
=3000 crores