From the following data, calculate (a) Gross Domestic Product at Factor Cost
and (b) Factor Income To Abroad: 6(Rs. in 000 crore)(i) Compensation of employees 800(ii) Profits 200(iii) Dividends 50(iv) Gross national product at market price 1,400(v) Rent 150(vi) Interest 100(vii) Gross domestic capital formation 300(viii) Net fixed capital formation 200(ix) Change in stock 50(x) Factor income from abroad 60(xi) Net indirect taxes 120Net fixed capital formation + change in stock + depreciation = Gross Domestic Capital Formation
200 + 50 + depreciation = 300
depreciation = 50
NDPFC= compensation of employees + operating surplus + mixed income
NDPFC= 800 + (profits - dividends) + (rent + interest)
NDPFC= 800 + (200 - 50) + (150 + 100)
NDPFC= 800 +150 + 250 = 1200 Crores.
GDPFC= NDPFC +Depreciation = 1200 +50 = 1250 Crores.
GNPMP= 1400
NIT = 120
GNPFC = GNPMP- NIT = 1400 - 120 = 1280 Crores.
NFIA = GNPFC- GDPFC=1280 - 1250 = 30 Crores
NFIA = Factor income from abroad - factor income to abroad
30 = 60 - factor income to abroad
factor income to abroad = 30 Crores.