Find GNP at MP.
Dear student,
GDPMP = Private final consumption expenditure + Govenment final consumption expenditure + Gross domestic capital formation + Net exports/ - Net imports
Gross domestic fixed capital formation = Net domestic fixed capital formation + Consumption of fixed capital
= 150 + 30 = Rs. 180 Arab
Gross domestic capital formation = Gross domestic fixed capital formation + Inventory investment
= Gross domestic fixed capital formation + (Closing stock - opening stock)
= 180 + (40 - 50) = 180 - 10 = Rs. 170 Arab
GDPMP = 1000 + 300 + 170 - 20 = Rs. 1450 Arab
GNPMP = GDPMP - Consumption of fixed capital
= 1450 - 30 = Rs. 1420 Arab
Regards.
GDPMP = Private final consumption expenditure + Govenment final consumption expenditure + Gross domestic capital formation + Net exports/ - Net imports
Gross domestic fixed capital formation = Net domestic fixed capital formation + Consumption of fixed capital
= 150 + 30 = Rs. 180 Arab
Gross domestic capital formation = Gross domestic fixed capital formation + Inventory investment
= Gross domestic fixed capital formation + (Closing stock - opening stock)
= 180 + (40 - 50) = 180 - 10 = Rs. 170 Arab
GDPMP = 1000 + 300 + 170 - 20 = Rs. 1450 Arab
GNPMP = GDPMP - Consumption of fixed capital
= 1450 - 30 = Rs. 1420 Arab
Regards.