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Can anybody help me with full concept find out 1.Gross National Product at Market price 2. Net National Product at Market price from the following information l. Private Consumption expenditure 1,08,000 2. Govt. consumption expenditure 11,00,000 3. Gross capital formation 2,000 4. Export 5,000 5. Import 14,000 6. Net factor income from abroad 750 7. Depreciation 400?
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Can anybody help me with full concept find out 1.Gross National Produc...
Gross National Product at Market Price
Gross National Product (GNP) at Market Price is the total monetary value of all the final goods and services produced by the citizens of a country within a year. It includes all the final goods and services produced within the country's geographical boundaries, regardless of the nationality of the producer.
GNP at Market Price is calculated by adding up all the final goods and services produced within a country's geographical boundaries, including income earned by foreign residents within the country and subtracting the income earned by the country's citizens abroad.
Formula to calculate GNP at Market Price = Private Consumption expenditure + Government consumption expenditure + Gross capital formation + Net factor income from abroad + Export - Import
Net National Product at Market Price
Net National Product (NNP) at Market Price is the total monetary value of all the final goods and services produced by the citizens of a country minus the depreciation of capital goods within a year.
NNP at Market Price is calculated by subtracting the depreciation of capital goods from GNP at Market Price.
Formula to calculate NNP at Market Price = GNP at Market Price - Depreciation
Calculation
- Private Consumption expenditure = 1,08,000
- Government consumption expenditure = 11,00,000
- Gross capital formation = 2,000
- Export = 5,000
- Import = 14,000
- Net factor income from abroad = 750
- Depreciation = 400
Using the formula to calculate GNP at Market Price: GNP at Market Price = 1,08,000 + 11,00,000 + 2,000 + 750 + 5,000 - 14,000 = 11,01,750
Using the formula to calculate NNP at Market Price: NNP at Market Price = GNP at Market Price - Depreciation = 11,01,750 - 400 = 11,01,350
Conclusion
Therefore, the Gross National Product (GNP) at Market Price is 11,01,750 and the Net National Product (NNP) at Market Price is 11,01,350.
Community Answer
Can anybody help me with full concept find out 1.Gross National Produc...
Firstly we know that ,using expenditure method we get GDP at Market price , so we have 1+2+3+(4-5) = 1,08,000 + 11,00,000+2000 +(9000) = 12,01,000 A) GNP at market price = GDPmp +NFIA = 12,01,000+750 = 12,01,750 B) NNPmp =GNPmp - dep.= 12,01,750 - 400 = 12,01,350 Thats all
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Can anybody help me with full concept find out 1.Gross National Product at Market price 2. Net National Product at Market price from the following information l. Private Consumption expenditure 1,08,000 2. Govt. consumption expenditure 11,00,000 3. Gross capital formation 2,000 4. Export 5,000 5. Import 14,000 6. Net factor income from abroad 750 7. Depreciation 400?
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Can anybody help me with full concept find out 1.Gross National Product at Market price 2. Net National Product at Market price from the following information l. Private Consumption expenditure 1,08,000 2. Govt. consumption expenditure 11,00,000 3. Gross capital formation 2,000 4. Export 5,000 5. Import 14,000 6. Net factor income from abroad 750 7. Depreciation 400? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Can anybody help me with full concept find out 1.Gross National Product at Market price 2. Net National Product at Market price from the following information l. Private Consumption expenditure 1,08,000 2. Govt. consumption expenditure 11,00,000 3. Gross capital formation 2,000 4. Export 5,000 5. Import 14,000 6. Net factor income from abroad 750 7. Depreciation 400? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can anybody help me with full concept find out 1.Gross National Product at Market price 2. Net National Product at Market price from the following information l. Private Consumption expenditure 1,08,000 2. Govt. consumption expenditure 11,00,000 3. Gross capital formation 2,000 4. Export 5,000 5. Import 14,000 6. Net factor income from abroad 750 7. Depreciation 400?.
Can anybody help me with full concept find out 1.Gross National Product at Market price 2. Net National Product at Market price from the following information l. Private Consumption expenditure 1,08,000 2. Govt. consumption expenditure 11,00,000 3. Gross capital formation 2,000 4. Export 5,000 5. Import 14,000 6. Net factor income from abroad 750 7. Depreciation 400? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Can anybody help me with full concept find out 1.Gross National Product at Market price 2. Net National Product at Market price from the following information l. Private Consumption expenditure 1,08,000 2. Govt. consumption expenditure 11,00,000 3. Gross capital formation 2,000 4. Export 5,000 5. Import 14,000 6. Net factor income from abroad 750 7. Depreciation 400? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can anybody help me with full concept find out 1.Gross National Product at Market price 2. Net National Product at Market price from the following information l. Private Consumption expenditure 1,08,000 2. Govt. consumption expenditure 11,00,000 3. Gross capital formation 2,000 4. Export 5,000 5. Import 14,000 6. Net factor income from abroad 750 7. Depreciation 400?.
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