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Go through the following data and answer the question.
1. Consumptions - Rs. 100000 Cr
2. Gross investment - Rs. 75000 Cr
3. Govt spending - Rs. 25000 Cr
4. Export - Rs. 100000 Cr
5. Import - Rs. 75000 Cr
6. Indirect Taxes - Rs. 15000 Cr
7. Subsidies(on production and import) - RS. 10000 Cr
8. Compensation of employee - Rs. 500 Cr
9. Property Income - Rs. 500 Cr
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 20000 Cr
11.Income earned by foreign national domestically - Rs. 10000 Cr
Calculate GDP
a. Rs. 220000 Cr
b. Rs. 225000 Cr
c. Rs. 230000 Cr
d. Rs. 235000 Cr
Ans - b
Solution :
GDP = Consumption + Gross investment + Government spending + (Exports - Imports)
GDP = C+I+G+(X-M)
= 100000+75000+25000+(100000-75000)
= 225000
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Given,
1. Consumptions - Rs. 50000
2. Gross investment - Rs. 40000
3. Govt spending - Rs. 10000
4. Export - Rs. 90000
5. Import - Rs. 60000
6. Indirect Taxes - Rs. 10000
7. Subsidies(on production and import) - RS. 5000
8. Compensation of employee - Rs. 500
9. Property Income - Rs. 500
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 15000
11.Income earned by foreign national domestically - Rs. 5000
Calculate GDP at cost factor
a. Rs. 125000
b. Rs. 130000
c. Rs. 135000
d. Rs. 140000
Ans - c
Solution :
GDP = Consumption + Gross investment + Government spending + (Exports - Imports)
GDP = C+I+G+(X-M)
= 50000+40000+10000+(90000-60000)
= 130000
GDP at factor rate
= GDP-(Indirect taxes-subsidies)
= 130000-(10000-5000)
= 135000
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Go through the following data and answer the questions (all in Indian Rupees in Crores)
1. Consumptions - Rs. 50000
2. Gross investment - Rs. 40000
3. Govt spending - Rs. 10000
4. Export - Rs. 90000
5. Import - Rs. 60000
6. Taxes - Rs. 5000
7. Subsidies(on production and import) - RS. 1000
8. Compensation of employee - Rs. 500
9. Property Income - Rs. 500
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 15000
11.Income earned by foreign national domestically - Rs. 5000
Calculate GNP
a. Rs. 110000
b. Rs. 120000
c. Rs. 130000
d. Rs. 140000
Ans – d
Solution :
GDP = Consumption + Gross investment + Government spending + (Exports - Imports)
GDP = C+I+G+(X-M)
= 50000+40000+10000+(90000-60000)
= 130000
GNP=GDP+NR(total capital gains from Overseas investment-income earned by foreign national domestically)
= 130000 + (15000-5000)
= 140000
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Go through the following data and answer the question.
1. Consumptions - Rs. 100000 Cr
2. Gross investment - Rs. 75000 Cr
3. Govt spending - Rs. 25000 Cr
4. Export - Rs. 100000 Cr
5. Import - Rs. 75000 Cr
6. Indirect Taxes - Rs. 15000 Cr
7. Subsidies(on production and import) - RS. 10000 Cr
8. Compensation of employee - Rs. 500 Cr
9. Property Income - Rs. 500 Cr
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 20000 Cr
11.Income earned by foreign national domestically - Rs. 10000 Cr
Calculate GNP
a. Rs. 220000 Cr
b. Rs. 225000 Cr
c. Rs. 230000 Cr
d. Rs. 235000 Cr
Ans - d
Solution :
GDP = Consumption + Gross investment + Government spending + (Exports - Imports)
GDP = C+I+G+(X-M)
= 100000+75000+25000+(100000-75000)
= 225000
GNP=GDP+NR(total capital gains from Overseas investment-income earned by foreign national domestically)
= 225000 + (20000-10000)
= 235000
.............................................
Go through the following data and answer the question.
1. Consumptions - Rs. 100000 Cr
2. Gross investment - Rs. 75000 Cr
3. Govt spending - Rs. 25000 Cr
4. Export - Rs. 100000 Cr
5. Import - Rs. 75000 Cr
6. Indirect Taxes - Rs. 15000 Cr
7. Subsidies(on production and import) - RS. 10000 Cr
8. Compensation of employee - Rs. 500 Cr
9. Property Income - Rs. 500 Cr
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 20000 Cr
11.Income earned by foreign national domestically - Rs. 10000 Cr
Calculate GDP at cost factor
a. Rs. 220000 Cr
b. Rs. 225000 Cr
c. Rs. 230000 Cr
d. Rs. 235000 Cr
Ans - a
Solution :
GDP = Consumption + Gross investment + Government spending + (Exports - Imports)
GDP = C+I+G+(X-M)
= 100000+75000+25000+(100000-75000)
= 225000
GDP at factor rate
= GDP-(Indirect taxes-subsidies)
= 225000-(15000-10000)
= 220000
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