From the following data calculate net domestic product at factor cost.
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₹ 1050 crores ₹ 900 crores ₹ 1020 crores ₹ 950 crores |
₹ 950 crores |
The correct answer is option (4) : ₹ 950 crores To calculate Net Domestic Product at Factor Cost (NDP at FC), we use the following formula : NDP at FC = Gross National Product at Factor Cost (GNP at DC) - Depreciation - NFIA Given the provided data : (i) GNP at FC = ₹1000 crores (ii) Depreciation = ₹20 crores (iv) NFIA = ₹30 crores GDP (FC)= GNP (FC)- NFIA = 1000-30 = 970 NDP (FC)= GDP (FC) - Depreciation = 970-20 = ₹950 crores |