Calculate the Gross Domestic Product at market price for the data given below :
|
₹280 ₹360 ₹320 ₹400 |
₹400 |
The correct answer is option (4) : ₹400 Step 1: Find out $NDP_{FC}$ $NNP_{FC}$= $NDP_{FC}$ + NFIA 380 = $NDP_{FC}$ -20 $NDP_{FC}$ = 400 Step 2: Find out $NDP_{MP}$ $NDP_{FC}$ = $NDP_{MP}$ - (Indirect taxes- Subsidies) 400 = $NDP_{MP}$ - (-40) $NDP_{MP}$ = 400-40 = 360 Step 3: Find out $GDP_{MP}$ $NDP_{MP}$ = $GDP_{MP}$ - Depreciation 360 = $GDP_{MP}$ - 40 $GDP_{MP}$ = 360 + 40 = 400 |