Find GNP at MP.

Find GNP at MP. 51. Find ross National Product at Market Price from the following data: (i) (iii) (v) (vi) (vii) Opening stock Private final Consumption expenditure Net domestic fixed capital formation Closing stock Net factor income to abroad Government final consumption expenditure Consumption of fixed capital (CBSE. Delhi so 1,000 150 800 30 20

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.


 

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