Practicing Success
Analyse the information given below , and answer the questions
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From the above information, calculate $GNP_{FC}$ is : |
₹796 crores ₹728 crores ₹700 crores ₹750 crores |
₹796 crores |
The correct answer is option (1) : ₹796 crores Step 1: Calculate $NDP_{FC}$ : NDPFC is the sum of all incomes earned within the domestic economy (Rent, Profits, Interest, Mixed Income, Wages and salaries, Employers' contribution to social security schemes). $NDP_{FC}$ =Rent+Profits+Interest+Mixed Income+Wages and salaries+ Employers' contribution to social security schemes $NDP_{FC}$ = 100+225+40+150+200+50=765 crores Step 2: Calculate $GDP_{FC}$ from $NDP_{FC}$ : $GDP_{FC}$ = $NDP_{FC}$ + Consumption of Fixed Capital = 765 +34 = 799 Cr Step 3: Convert $GDP_{FC}$ to $GNP_{FC}$: $GNP_{FC}$= $GDP_{FC}$ + Net Factor Income from Abroad = 799 - 3 = 796 cr
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