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Find the NDPfc, NNPmp and NNPfc from the following using income method:- Net factor income from abroad=2000 Undistributed profit= 400 Mixed income=1500 Wages and rent=2500 Net indirect tax=1800 Depreciation=200 Divident=1000 Interest=500?
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Find the NDPfc, NNPmp and NNPfc from the following using income method...
Finding NDPfc, NNPmp, and NNPfc using Income Method
Income Method
Income method is one of the methods used to calculate the national income of a country. In this method, the national income is calculated by adding up all the incomes earned by the factors of production such as land, labor, capital, and entrepreneurship.
Given Information
Net factor income from abroad = 2000
Undistributed profit = 400
Mixed income = 1500
Wages and rent = 2500
Net indirect tax = 1800
Depreciation = 200
Dividend = 1000
Interest = 500
Calculating NDPfc
NDPfc (Net Domestic Product at Factor Cost) is the market value of all final goods and services produced within the domestic territory of a country minus the value of depreciation.
NDPfc = Wages and Rent + Mixed Income + Depreciation + Net Factor Income from Abroad - Net Indirect Taxes
Substituting the given values, we get:
NDPfc = 2500 + 1500 + 2000 - 1800 - 0
NDPfc = 5700
Therefore, the NDPfc is 5700.
Calculating NNPmp
NNPmp (Net National Product at Market Price) is the market value of all final goods and services produced by the factors of production owned by the residents of a country minus the value of depreciation.
NNPmp = NDPfc + Net Indirect Taxes
Substituting the given values, we get:
NNPmp = 5700 + 1800
NNPmp = 7500
Therefore, the NNPmp is 7500.
Calculating NNPfc
NNPfc (Net National Product at Factor Cost) is the market value of all final goods and services produced by the factors of production owned by the residents of a country minus the value of depreciation and indirect taxes.
NNPfc = NNPmp - Net Indirect Taxes
Substituting the given values, we get:
NNPfc = 7500 - 1800
NNPfc = 5700
Therefore, the NNPfc is 5700.
Conclusion
In conclusion, the NDPfc is 5700, the NNPmp is 7500, and the NNPfc is 5700. These values are calculated using the income method by adding up all the incomes earned by the factors of production.
Income Method
Income method is one of the methods used to calculate the national income of a country. In this method, the national income is calculated by adding up all the incomes earned by the factors of production such as land, labor, capital, and entrepreneurship.
Given Information
Net factor income from abroad = 2000
Undistributed profit = 400
Mixed income = 1500
Wages and rent = 2500
Net indirect tax = 1800
Depreciation = 200
Dividend = 1000
Interest = 500
Calculating NDPfc
NDPfc (Net Domestic Product at Factor Cost) is the market value of all final goods and services produced within the domestic territory of a country minus the value of depreciation.
NDPfc = Wages and Rent + Mixed Income + Depreciation + Net Factor Income from Abroad - Net Indirect Taxes
Substituting the given values, we get:
NDPfc = 2500 + 1500 + 2000 - 1800 - 0
NDPfc = 5700
Therefore, the NDPfc is 5700.
Calculating NNPmp
NNPmp (Net National Product at Market Price) is the market value of all final goods and services produced by the factors of production owned by the residents of a country minus the value of depreciation.
NNPmp = NDPfc + Net Indirect Taxes
Substituting the given values, we get:
NNPmp = 5700 + 1800
NNPmp = 7500
Therefore, the NNPmp is 7500.
Calculating NNPfc
NNPfc (Net National Product at Factor Cost) is the market value of all final goods and services produced by the factors of production owned by the residents of a country minus the value of depreciation and indirect taxes.
NNPfc = NNPmp - Net Indirect Taxes
Substituting the given values, we get:
NNPfc = 7500 - 1800
NNPfc = 5700
Therefore, the NNPfc is 5700.
Conclusion
In conclusion, the NDPfc is 5700, the NNPmp is 7500, and the NNPfc is 5700. These values are calculated using the income method by adding up all the incomes earned by the factors of production.
Community Answer
Find the NDPfc, NNPmp and NNPfc from the following using income method...
NDP FC 5900 nnpmp 9700nnfc 7900
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Find the NDPfc, NNPmp and NNPfc from the following using income method:- Net factor income from abroad=2000 Undistributed profit= 400 Mixed income=1500 Wages and rent=2500 Net indirect tax=1800 Depreciation=200 Divident=1000 Interest=500?
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Find the NDPfc, NNPmp and NNPfc from the following using income method:- Net factor income from abroad=2000 Undistributed profit= 400 Mixed income=1500 Wages and rent=2500 Net indirect tax=1800 Depreciation=200 Divident=1000 Interest=500? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Find the NDPfc, NNPmp and NNPfc from the following using income method:- Net factor income from abroad=2000 Undistributed profit= 400 Mixed income=1500 Wages and rent=2500 Net indirect tax=1800 Depreciation=200 Divident=1000 Interest=500? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the NDPfc, NNPmp and NNPfc from the following using income method:- Net factor income from abroad=2000 Undistributed profit= 400 Mixed income=1500 Wages and rent=2500 Net indirect tax=1800 Depreciation=200 Divident=1000 Interest=500?.
Find the NDPfc, NNPmp and NNPfc from the following using income method:- Net factor income from abroad=2000 Undistributed profit= 400 Mixed income=1500 Wages and rent=2500 Net indirect tax=1800 Depreciation=200 Divident=1000 Interest=500? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Find the NDPfc, NNPmp and NNPfc from the following using income method:- Net factor income from abroad=2000 Undistributed profit= 400 Mixed income=1500 Wages and rent=2500 Net indirect tax=1800 Depreciation=200 Divident=1000 Interest=500? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the NDPfc, NNPmp and NNPfc from the following using income method:- Net factor income from abroad=2000 Undistributed profit= 400 Mixed income=1500 Wages and rent=2500 Net indirect tax=1800 Depreciation=200 Divident=1000 Interest=500?.
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