Find out (a) Gross Domestic Product at Market Price, and (b) Factor Income to Abroad: ???
Items
(? in crore)
(i)?Factor income from abroad
?40
(ii) Net indirect tax
140
(iii) Private final consumption expenditure
?770
(iv) Government final consumption expenditure
?270
(v) Net domestic fixed capital formation
?220
(vi) Net imports
(-) 60
Dear student
GDP MP = C+G+I+(X-M)
WHERE WE ARE GIVEN:
C= Private final consumption expenditure=770
G= Government final consumption expenditure=270
X-M= Net imports= (-) 60
GDP MP = 770+270+(-) 60
a) GDP MP = 980 Cr.
b) Factor income to abroad= Net domestic fixed capital formation+ Factor income from abroad-Net indirect tax
Factor income to abroad= 220+40-140
Factor income to abroad= 120 Cr.
Regards
GDP MP = C+G+I+(X-M)
WHERE WE ARE GIVEN:
C= Private final consumption expenditure=770
G= Government final consumption expenditure=270
X-M= Net imports= (-) 60
GDP MP = 770+270+(-) 60
a) GDP MP = 980 Cr.
b) Factor income to abroad= Net domestic fixed capital formation+ Factor income from abroad-Net indirect tax
Factor income to abroad= 220+40-140
Factor income to abroad= 120 Cr.
Regards