CBSE 2014 Class 12 Economics Delhi Set-3

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Question : 5
Total: 5
Calculate net domestic product at factor cost and (net national disposable income **) from the following : (₹ Arab)
 (i) Net current transfers to abroad  5
 (ii) Government final consumption expenditure  100
 (iii) Net indirect tax  80
 (iv) Private final consumption expenditure  300
 (v) Consumption of fixed capital  20
 (vi) Gross domestic fixed capital formation  50
 (vii) Net imports  (-)10
 (viii) Closing stock  25
 (ix) Opening stock  25
 (x) Net factor income to abroad  10
Solution:  
National Domestic Income at Factor Cost = Private Final Consumption Expenditure + Government Final Consumption Expenditure - Net Imports + (Gross Domestic Fixed Capital Formation + Closing stock - Opening stock) - Depreciation - Net Indirect Taxes or,
National Income (NDPFC)=300+100(10) +(50+2525)2080=360 Arab.
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