Q. Calculate Gross National Product at Factor Cost by (a) Income method and (b) Expenditure method, from the following data :
Item Rs. (in Crore )
1 Private final consumption expenditure 800
2 Government final consumption expenditure 300
3 Compensation of employees 600
4 Net Imports 50
5 Gross domestic capital formation 150
6 consumption of fixed capital 20
7 Net indirect taxes 100
8 Net factor income from abroad (-) 70
9 Dividend 150
10 Rent 120
11 Interest 80
12 Undistributed profits 80
13 Social security contribution by employers 60
14 Corporate tax 50
GDPmp=PFCE+GFCE+GDCF+net exports.=800+300+150+(-50) =1200. GNPmp=GDPmp+nfia. =1200+(-70) =1130. GNPfc=GNPmp-NIT = 1130-100=1030.