Practicing Success
Calculate GDP mp.
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370 400 320 270 |
400 |
National income can be estimated with the help of 3 methods i.e. Income method, Expenditure method, and Value added method. In this question, we will be estimating GDPMP with the help of "Expenditure method" GDPMP = Private final consumption expenditure + Government final consumption expenditure + Gross domestic capital formation + Net exports (X - M) According to the question: GDPMP = 200 crore + 100 crore + 50 crore + 50 crore GDPMP = 400 crore
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