CBSE 2015 Class 12 Economics Outside Delhi Set-3

Question : 3

Total: 3

Calculate 'Net Domestic Product at Market Price' and 'Gross National Disposable Income :

S.No.	Particular	Amount ₹ in crore
(i)	Private final consumption expenditure	400
(ii)	Opening stock	10
(iii)	Consumption of fixed capital	25
(iv)	Imports	15
(v)	Government final consumption expenditure	90
(vi)	Net current transfers to rest of the word	5
(vii)	Gross domestic fixed capital formation	80
(viii)	Closing stock	20
(ix)	Exports	10
(x)	Net factor income to abroad	(-)5

Solution:

Net Domestic Product at Market Price = Private final consumption expenditure + Government final consumption expenditure + Gross domestic fixed capital formation + change in stock + Net exports-depreciation
Net Domestic Product at Market Price =400+90 +80+(20−10)+(10−15)−25
Net Domestic Product at Market Price =₹550 crore

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