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National Income Accounting — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsNational Income Accounting4 Marks
Question
The given data pertains to 2015-2016. Compute:
  1. Capital consumption Allowance.
  2. NFIA.
  3. Subsidies.
  4. NDPFC.
1.
GNP at factor cost.
95,000
2.
Indirect Taxes.
14,000
3.
NDP at market prices.
1,00,422
4.
NNP at market prices.
1,000,000
5.
GNP at market prices.
1,07,000
✓

Answer

  1. GNPMP = NNPMP + Depreciation

1,07,000 = 1,00,000 + Depreciation

Depreciation = 7,000

  1. NNPMP = NDPMP + NFIA

1,00,000 = 1,00,422 + NFIA

NFIA = -422

  1. GNPMP = GNPFC + NIT

1,07,000 = 95,000 + [Indirect Tax - Subsidies]

12,000 = 14,000 - Subsidies

Subsidies = 2,000

  1. NDPFC = NDPMP - NIT

NDPFC = NDP - [Indirect Tax - Subsidies)

NDPFC = 1,00,422 - (14,000 - 2,000]

NDPFC = 88.422

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