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Calculate GNP at fc Particulars Income( Rs) (i) NPP at MP 80000 ( ii) Net factor income from Abroad -200 ( iii) Depreciation 4950 ( iv) Subsidies 1770 (v) Indirect Tax 10600?
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Calculate GNP at fc Particulars Income( Rs) (i) NPP at MP 80000 ( ii) ...
Calculation of GNP at FC
(i) NPP at MP: Rs 80,000
(ii) Net factor income from abroad: Rs -200
(iii) Depreciation: Rs 4,950
(iv) Subsidies: Rs 1,770
(v) Indirect tax: Rs 10,600
Gross National Product (GNP) is the value of all final goods and services produced by a country's residents in a given period of time. It is calculated by adding the total value of all final goods and services produced by a country's residents and subtracting the value of intermediate goods used in production. The following steps can be used to calculate GNP at FC:
Step 1: Calculate Net National Product at Market Price (NNP at MP)
NNP at MP = NPP at MP - Depreciation
NNP at MP = Rs 80,000 - Rs 4,950
NNP at MP = Rs 75,050
Step 2: Calculate Gross National Product at Market Price (GNP at MP)
GNP at MP = NNP at MP + Net Factor Income from Abroad
GNP at MP = Rs 75,050 - Rs 200
GNP at MP = Rs 74,850
Step 3: Calculate GNP at FC
GNP at FC = GNP at MP - Indirect Tax + Subsidies
GNP at FC = Rs 74,850 - Rs 10,600 + Rs 1,770
GNP at FC = Rs 66,020
Therefore, the GNP at FC is Rs 66,020.
(i) NPP at MP: Rs 80,000
(ii) Net factor income from abroad: Rs -200
(iii) Depreciation: Rs 4,950
(iv) Subsidies: Rs 1,770
(v) Indirect tax: Rs 10,600
Gross National Product (GNP) is the value of all final goods and services produced by a country's residents in a given period of time. It is calculated by adding the total value of all final goods and services produced by a country's residents and subtracting the value of intermediate goods used in production. The following steps can be used to calculate GNP at FC:
Step 1: Calculate Net National Product at Market Price (NNP at MP)
NNP at MP = NPP at MP - Depreciation
NNP at MP = Rs 80,000 - Rs 4,950
NNP at MP = Rs 75,050
Step 2: Calculate Gross National Product at Market Price (GNP at MP)
GNP at MP = NNP at MP + Net Factor Income from Abroad
GNP at MP = Rs 75,050 - Rs 200
GNP at MP = Rs 74,850
Step 3: Calculate GNP at FC
GNP at FC = GNP at MP - Indirect Tax + Subsidies
GNP at FC = Rs 74,850 - Rs 10,600 + Rs 1,770
GNP at FC = Rs 66,020
Therefore, the GNP at FC is Rs 66,020.
Community Answer
Calculate GNP at fc Particulars Income( Rs) (i) NPP at MP 80000 ( ii) ...
GNPfc = NNPmp + depreciation- Net indirect tax
GNPfc= 80000+ 4950- ( indirect tax - subsidies)
= 80000+ 4950 - ( 10600- 1770 )
= 80000+ 4950 - 10600+ 1770
= 84950 - 10600+ 1770
= 74350 + 1770
= 76120
GNPfc= 80000+ 4950- ( indirect tax - subsidies)
= 80000+ 4950 - ( 10600- 1770 )
= 80000+ 4950 - 10600+ 1770
= 84950 - 10600+ 1770
= 74350 + 1770
= 76120
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Calculate GNP at fc Particulars Income( Rs) (i) NPP at MP 80000 ( ii) Net factor income from Abroad -200 ( iii) Depreciation 4950 ( iv) Subsidies 1770 (v) Indirect Tax 10600?
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Calculate GNP at fc Particulars Income( Rs) (i) NPP at MP 80000 ( ii) Net factor income from Abroad -200 ( iii) Depreciation 4950 ( iv) Subsidies 1770 (v) Indirect Tax 10600? 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 Particulars Income( Rs) (i) NPP at MP 80000 ( ii) Net factor income from Abroad -200 ( iii) Depreciation 4950 ( iv) Subsidies 1770 (v) Indirect Tax 10600? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate GNP at fc Particulars Income( Rs) (i) NPP at MP 80000 ( ii) Net factor income from Abroad -200 ( iii) Depreciation 4950 ( iv) Subsidies 1770 (v) Indirect Tax 10600?.
Calculate GNP at fc Particulars Income( Rs) (i) NPP at MP 80000 ( ii) Net factor income from Abroad -200 ( iii) Depreciation 4950 ( iv) Subsidies 1770 (v) Indirect Tax 10600? 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 Particulars Income( Rs) (i) NPP at MP 80000 ( ii) Net factor income from Abroad -200 ( iii) Depreciation 4950 ( iv) Subsidies 1770 (v) Indirect Tax 10600? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate GNP at fc Particulars Income( Rs) (i) NPP at MP 80000 ( ii) Net factor income from Abroad -200 ( iii) Depreciation 4950 ( iv) Subsidies 1770 (v) Indirect Tax 10600?.
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