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Intermediate cost =10000
Value of change in stock =1000
Units of output=775 price per unit=40
Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp?
Value of change in stock =1000
Units of output=775 price per unit=40
Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp?
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Intermediate cost =10000 Value of change in stock =1000Units of output...
Understanding NDPmp Calculation
Net Domestic Product at Market Prices (NDPmp) is a crucial economic indicator that represents the total value of goods produced and services provided in a country during a certain period, minus depreciation.
Key Components for Calculation
- Intermediate Cost: 10,000
- Value of Change in Stock: 1,000
- Units of Output: 775
- Price per Unit: 40
- Import Duty: 2,000
- Consumption of Fixed Capital: 3,000
Calculation Steps
1. Calculate Gross Value of Output:
- Gross Value of Output = Units of Output × Price per Unit
- Gross Value of Output = 775 × 40 = 31,000
2. Calculate Net Value of Output:
- Net Value of Output = Gross Value of Output - Intermediate Cost
- Net Value of Output = 31,000 - 10,000 = 21,000
3. Add Change in Stock:
- Adjusted Net Value = Net Value of Output + Value of Change in Stock
- Adjusted Net Value = 21,000 + 1,000 = 22,000
4. Subtract Import Duty:
- Adjusted Value = Adjusted Net Value - Import Duty
- Adjusted Value = 22,000 - 2,000 = 20,000
5. Deduct Consumption of Fixed Capital:
- NDPmp = Adjusted Value - Consumption of Fixed Capital
- NDPmp = 20,000 - 3,000 = 17,000
Final Result
The Net Domestic Product at Market Prices (NDPmp) is 17,000. This value reflects the economic output after accounting for depreciation and intermediary costs, providing a clearer picture of the economic performance.
Net Domestic Product at Market Prices (NDPmp) is a crucial economic indicator that represents the total value of goods produced and services provided in a country during a certain period, minus depreciation.
Key Components for Calculation
- Intermediate Cost: 10,000
- Value of Change in Stock: 1,000
- Units of Output: 775
- Price per Unit: 40
- Import Duty: 2,000
- Consumption of Fixed Capital: 3,000
Calculation Steps
1. Calculate Gross Value of Output:
- Gross Value of Output = Units of Output × Price per Unit
- Gross Value of Output = 775 × 40 = 31,000
2. Calculate Net Value of Output:
- Net Value of Output = Gross Value of Output - Intermediate Cost
- Net Value of Output = 31,000 - 10,000 = 21,000
3. Add Change in Stock:
- Adjusted Net Value = Net Value of Output + Value of Change in Stock
- Adjusted Net Value = 21,000 + 1,000 = 22,000
4. Subtract Import Duty:
- Adjusted Value = Adjusted Net Value - Import Duty
- Adjusted Value = 22,000 - 2,000 = 20,000
5. Deduct Consumption of Fixed Capital:
- NDPmp = Adjusted Value - Consumption of Fixed Capital
- NDPmp = 20,000 - 3,000 = 17,000
Final Result
The Net Domestic Product at Market Prices (NDPmp) is 17,000. This value reflects the economic output after accounting for depreciation and intermediary costs, providing a clearer picture of the economic performance.
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Intermediate cost =10000 Value of change in stock =1000Units of output=775 price per unit=40 Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp?
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Intermediate cost =10000 Value of change in stock =1000Units of output=775 price per unit=40 Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Intermediate cost =10000 Value of change in stock =1000Units of output=775 price per unit=40 Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Intermediate cost =10000 Value of change in stock =1000Units of output=775 price per unit=40 Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp?.
Intermediate cost =10000 Value of change in stock =1000Units of output=775 price per unit=40 Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Intermediate cost =10000 Value of change in stock =1000Units of output=775 price per unit=40 Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Intermediate cost =10000 Value of change in stock =1000Units of output=775 price per unit=40 Import duty=2000 consumption of fixed capital=3000 calculate in NDPmp?.
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