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Calculate the gross national product at market price?? Wages and salaries 800 Personal tax 150 operating surplus 200 Undistributed profit 10 Social security contribution by employers 100 Corporate tax 50 Net factor income to abroad (-)20 Personal disposable income 1200 Net indirect tax 70 Consumption of fixed capital 30 Mixed income of self employed 500 Royalty 9. PLEASE HELP ME TO SOLVE THIS QUESTION AND ANSWER OF THIS QUESTION IS 1720 .?
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Calculate the gross national product at market price?? Wages and salar...
Calculation of Gross National Product at Market Price
• Gross National Product at Market Price is the sum of all final goods and services produced by a country in a particular year, valued at market prices.
• The formula to calculate GNP at Market Price is: GNP at Market Price = Wages and Salaries + Operating Surplus + Mixed Income of Self Employed + Consumption of Fixed Capital + Net Factor Income to Abroad + Indirect Taxes – Subsidies.
• Let's calculate GNP at Market Price using the given data.
Wages and Salaries = 800
Operating Surplus = 200
Mixed Income of Self Employed = 500
Consumption of Fixed Capital = 30
Net Factor Income to Abroad = (-)20
Indirect Taxes = 70
• To calculate GNP at Market Price, we need to subtract subsidies. But there is no information about subsidies in the given data. Hence, we can assume that subsidies are nil.
• Now, let's calculate GNP at Market Price using the formula. GNP at Market Price = 800 + 200 + 500 + 30 + (-)20 + 70 = 1580.
• This is not the final answer. We also need to add the following components to calculate the final GNP at Market Price:
Personal Tax = 150
Undistributed Profit = 10
Social Security Contribution by Employers = 100
Corporate Tax = 50
Personal Disposable Income = 1200
Royalty = 9
• Final GNP at Market Price = 1580 + 150 + 10 + 100 + 50 + 1200 + 9 = 2099.
• But the given answer is 1720. This could be due to two reasons:
1. The answer is incorrect.
2. There is some missing information in the given data.
• Hence, it is recommended to cross-check the given data and re-calculate the GNP at Market Price.
• Gross National Product at Market Price is the sum of all final goods and services produced by a country in a particular year, valued at market prices.
• The formula to calculate GNP at Market Price is: GNP at Market Price = Wages and Salaries + Operating Surplus + Mixed Income of Self Employed + Consumption of Fixed Capital + Net Factor Income to Abroad + Indirect Taxes – Subsidies.
• Let's calculate GNP at Market Price using the given data.
Wages and Salaries = 800
Operating Surplus = 200
Mixed Income of Self Employed = 500
Consumption of Fixed Capital = 30
Net Factor Income to Abroad = (-)20
Indirect Taxes = 70
• To calculate GNP at Market Price, we need to subtract subsidies. But there is no information about subsidies in the given data. Hence, we can assume that subsidies are nil.
• Now, let's calculate GNP at Market Price using the formula. GNP at Market Price = 800 + 200 + 500 + 30 + (-)20 + 70 = 1580.
• This is not the final answer. We also need to add the following components to calculate the final GNP at Market Price:
Personal Tax = 150
Undistributed Profit = 10
Social Security Contribution by Employers = 100
Corporate Tax = 50
Personal Disposable Income = 1200
Royalty = 9
• Final GNP at Market Price = 1580 + 150 + 10 + 100 + 50 + 1200 + 9 = 2099.
• But the given answer is 1720. This could be due to two reasons:
1. The answer is incorrect.
2. There is some missing information in the given data.
• Hence, it is recommended to cross-check the given data and re-calculate the GNP at Market Price.
Community Answer
Calculate the gross national product at market price?? Wages and salar...
NDPfc = COE + OS + MI
= (800 + 100) + 200 + 500 = 1600
GNPmp = NDPfc + Depn. + NFIA + NIT
= 1600 + 30 + 20 + 70
= ₹ 1720
= (800 + 100) + 200 + 500 = 1600
GNPmp = NDPfc + Depn. + NFIA + NIT
= 1600 + 30 + 20 + 70
= ₹ 1720
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Calculate the gross national product at market price?? Wages and salaries 800 Personal tax 150 operating surplus 200 Undistributed profit 10 Social security contribution by employers 100 Corporate tax 50 Net factor income to abroad (-)20 Personal disposable income 1200 Net indirect tax 70 Consumption of fixed capital 30 Mixed income of self employed 500 Royalty 9. PLEASE HELP ME TO SOLVE THIS QUESTION AND ANSWER OF THIS QUESTION IS 1720 .?
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Calculate the gross national product at market price?? Wages and salaries 800 Personal tax 150 operating surplus 200 Undistributed profit 10 Social security contribution by employers 100 Corporate tax 50 Net factor income to abroad (-)20 Personal disposable income 1200 Net indirect tax 70 Consumption of fixed capital 30 Mixed income of self employed 500 Royalty 9. PLEASE HELP ME TO SOLVE THIS QUESTION AND ANSWER OF THIS QUESTION IS 1720 .? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate the gross national product at market price?? Wages and salaries 800 Personal tax 150 operating surplus 200 Undistributed profit 10 Social security contribution by employers 100 Corporate tax 50 Net factor income to abroad (-)20 Personal disposable income 1200 Net indirect tax 70 Consumption of fixed capital 30 Mixed income of self employed 500 Royalty 9. PLEASE HELP ME TO SOLVE THIS QUESTION AND ANSWER OF THIS QUESTION IS 1720 .? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the gross national product at market price?? Wages and salaries 800 Personal tax 150 operating surplus 200 Undistributed profit 10 Social security contribution by employers 100 Corporate tax 50 Net factor income to abroad (-)20 Personal disposable income 1200 Net indirect tax 70 Consumption of fixed capital 30 Mixed income of self employed 500 Royalty 9. PLEASE HELP ME TO SOLVE THIS QUESTION AND ANSWER OF THIS QUESTION IS 1720 .?.
Calculate the gross national product at market price?? Wages and salaries 800 Personal tax 150 operating surplus 200 Undistributed profit 10 Social security contribution by employers 100 Corporate tax 50 Net factor income to abroad (-)20 Personal disposable income 1200 Net indirect tax 70 Consumption of fixed capital 30 Mixed income of self employed 500 Royalty 9. PLEASE HELP ME TO SOLVE THIS QUESTION AND ANSWER OF THIS QUESTION IS 1720 .? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate the gross national product at market price?? Wages and salaries 800 Personal tax 150 operating surplus 200 Undistributed profit 10 Social security contribution by employers 100 Corporate tax 50 Net factor income to abroad (-)20 Personal disposable income 1200 Net indirect tax 70 Consumption of fixed capital 30 Mixed income of self employed 500 Royalty 9. PLEASE HELP ME TO SOLVE THIS QUESTION AND ANSWER OF THIS QUESTION IS 1720 .? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the gross national product at market price?? Wages and salaries 800 Personal tax 150 operating surplus 200 Undistributed profit 10 Social security contribution by employers 100 Corporate tax 50 Net factor income to abroad (-)20 Personal disposable income 1200 Net indirect tax 70 Consumption of fixed capital 30 Mixed income of self employed 500 Royalty 9. PLEASE HELP ME TO SOLVE THIS QUESTION AND ANSWER OF THIS QUESTION IS 1720 .?.
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