CBSE 2023 Class 12 Economics Outside Delhi Set 3

Question : 1

Total: 5

SECTION-A
On the basis of the data given below for an imaginary economy, estimate the Gross National Product at Market price (GNPMP):

S.No.	Items	Amount (₹ in crore)
(i)	Household Consumption Expenditure	2,000
(ii)	Government Final Consumption Expenditure	1,000
(iii)	Gross Fixed Capital Formation	1,100
(iv)	Net additions to Stock	200
(v)	Exports	600
(vi)	Net factor income from abroad	150
(vii)	Imports	400

Solution:

GNPMP=GDPMP+ Net Factor Income from abroad =4500+150=4650 crore
GDPMP= Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports =3000+1300+200=4500 crore
(a) Final Consumption Expenditure = Household Consumption Expenditure + Government Final Consumption Expenditure =2000+1000=3000 crore
(b) Gross Domestic Capital Formation = Gross Fixed Capital Formation + Net Addition to Stock
=1100+200=1300‌ crore ‌
(c) Net export = Exports - Imports =600−400 =200 crore

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