Practicing Success
Analyse the information given below , and answer the questions
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From the above information, calculate $GDP_{MP}$ : |
₹761 crores ₹750 crores ₹837 crores ₹700 crores |
₹837 crores |
The correct answer is option (3) : ₹837 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: Calculate $GDP_{MP}$ from $GDP_{FC}$ $GDP_{MP}$ = $GDP_{FC}$ + Net Indirect Raxes = 799 + 38 = 837 Cr |