Commerce Exam > Commerce Questions > Calculate gnp at fc : compensation of employe...
Start Learning for Free
Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000?
Most Upvoted Answer
Calculate gnp at fc : compensation of employee is 70000,consumption of...
Calculation of GNP at FC
Compensation of Employee: 70000
Consumption of Fixed Capital: 40000
Subsidies: 9000
NFIA: -5000
Operating Surplus: 50000
Indirect Tax: 10000
Mixed Income: 90000
Calculation of GNP at FC:
GNP at FC = Compensation of Employee + Consumption of Fixed Capital + Operating Surplus + Indirect Tax + Mixed Income + NFIA - Subsidies
GNP at FC = 70000 + 40000 + 50000 + 10000 + 90000 - 5000 - 9000
GNP at FC = 209000
Explanation:
Compensation of Employee: This refers to the total amount paid to employees as wages, salaries, and other benefits.
Consumption of Fixed Capital: This refers to the amount of capital used up in the production process over a period of time, such as the depreciation of machinery and equipment.
Subsidies: This refers to the financial assistance provided by the government to support certain industries or businesses.
NFIA: This refers to the net factor income from abroad, which is the difference between the income earned by domestic factors of production in foreign countries and the income earned by foreign factors of production in the domestic economy.
Operating Surplus: This refers to the profits earned by businesses after deducting all expenses except for taxes.
Indirect Tax: This refers to the taxes imposed on goods and services that are included in the final price paid by consumers.
Mixed Income: This refers to the income earned by self-employed individuals, such as freelancers or small business owners.
GNP at FC: This is the total value of all goods and services produced by a country's factors of production, regardless of their location, and is calculated by adding up all the incomes earned by those factors.
Compensation of Employee: 70000
Consumption of Fixed Capital: 40000
Subsidies: 9000
NFIA: -5000
Operating Surplus: 50000
Indirect Tax: 10000
Mixed Income: 90000
Calculation of GNP at FC:
GNP at FC = Compensation of Employee + Consumption of Fixed Capital + Operating Surplus + Indirect Tax + Mixed Income + NFIA - Subsidies
GNP at FC = 70000 + 40000 + 50000 + 10000 + 90000 - 5000 - 9000
GNP at FC = 209000
Explanation:
Compensation of Employee: This refers to the total amount paid to employees as wages, salaries, and other benefits.
Consumption of Fixed Capital: This refers to the amount of capital used up in the production process over a period of time, such as the depreciation of machinery and equipment.
Subsidies: This refers to the financial assistance provided by the government to support certain industries or businesses.
NFIA: This refers to the net factor income from abroad, which is the difference between the income earned by domestic factors of production in foreign countries and the income earned by foreign factors of production in the domestic economy.
Operating Surplus: This refers to the profits earned by businesses after deducting all expenses except for taxes.
Indirect Tax: This refers to the taxes imposed on goods and services that are included in the final price paid by consumers.
Mixed Income: This refers to the income earned by self-employed individuals, such as freelancers or small business owners.
GNP at FC: This is the total value of all goods and services produced by a country's factors of production, regardless of their location, and is calculated by adding up all the incomes earned by those factors.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000?
Question Description
Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000?.
Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000?.
Solutions for Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? defined & explained in the simplest way possible. Besides giving the explanation of
Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000?, a detailed solution for Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? has been provided alongside types of Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? theory, EduRev gives you an
ample number of questions to practice Calculate gnp at fc : compensation of employee is 70000,consumption of fixed capital is 40000,subdidies is 9000,nfia is -5000,operating surplus is 50000,indirect tax is 10000,mixed income is 90000? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup