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Go through the following data and answer the questions (all in Indian Rupees in Crores)
1. Consumptions - Rs. 30000
2. Gross investment - Rs. 40000
3. Govt spending - Rs. 20000
4. Export - Rs. 70000
5. Import - Rs. 60000
6. Taxes - Rs. 5000
7. Subsidies(on production and import) - RS. 1000
8. Compensation of employee - Rs. 500
9. Property Income - Rs. 500
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 1500
11.Income earned by foreign national domestically - Rs. 500
Calculate GDP at cost factor
a. Rs. 90000
b. Rs. 94000
c. Rs. 96000
d. Rs. 104000
Ans - c
Solution :
GDP = C+I+G+(X-M)
= 30000+40000+20000+(70000-60000)
= 100000
GDP at factor rate
= GDP-(Indirect taxes-subsidies)
= 100000-(5000-1000)
= 96000
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Go through the following data and answer the questions (all in Indian Rupees in Crores)
1. Consumptions - Rs. 30000
2. Gross investment - Rs. 40000
3. Govt spending - Rs. 20000
4. Export - Rs. 70000
5. Import - Rs. 60000
6. Taxes - Rs. 5000
7. Subsidies(on production and import) - RS. 1000
8. Compensation of employee - Rs. 500
9. Property Income(net receivable from aboard. - Rs. 500
10.Total capital gains from overseas investment - Rs. 1500
11.Income earned by foreign national domestically - Rs. 500
Calculate GNI
a. Rs. 96000
b. Rs. 105000
c. Rs. 110000
d. Rs. 115000
Ans - b
Solutions :
GDP = C+I+G+(X-M)
= 30000+40000+20000+(70000-60000)
= 100000
GNI = GDP+(taxes-subsidies)+Compensation of Employees(Net receivable from abroad)+property income(Net receivable from abroad)
= 100000+(5000-1000)+500+500
= 105000
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Go through the following data and answer the questions (all in Indian Rupees in Crores)
1. Consumptions - Rs. 30000
2. Gross investment - Rs. 40000
3. Govt spending - Rs. 20000
4. Export - Rs. 70000
5. Import - Rs. 60000
6. Taxes - Rs. 5000
7. Subsidies(on production and import) - RS. 1000
8. Compensation of employee - Rs. 500
9. Property Income - Rs. 500
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 1500
11.Income earned by foreign national domestically - Rs. 500
Calculate GNP
a. Rs. 100000
b. Rs. 101000
c. Rs. 110000
d. Rs. 111000
Ans - b
Solution :
GDP = Consumption + Gross investment + Government spending + (Exports - Imports)
GDP = C+I+G+(X-M)
= 30000+40000+20000+(70000-60000)
= 100000
GNP=GDP+NR(total capital gains from Overseas investment-income earned by foreign national domestically)
= 100000 + (1500-500)
= 101000
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Go through the following data and answer the question (all in Indian Rupees in Crores)
1. Consumptions - Rs. 30000
2. Gross investment - Rs. 40000
3. Govt spending - Rs. 20000
4. Export - Rs. 70000
5. Import - Rs. 60000
6. Taxes - Rs. 5000
7. Subsidies(on production and import) - RS. 1000
8. Compensation of employee - Rs. 500
9. Property Income - Rs. 500
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 1500
11.Income earned by foreign national domestically - Rs. 500
Calculate GDP
a. Rs. 70000
b. Rs. 90000
c. Rs. 100000
d. Rs. 220000
Ans - c
Solution :
GDP = Consumption + Gross investment + Government spending + (Exports - Imports)
GDP = C+I+G+(X-M)
= 30000+40000+20000+(70000-60000)
= 100000
.............................................
Go through the following data and answer the question (all in Indian Rupees in Crores)
1. Consumptions - Rs. 50000
2. Gross investment - Rs. 40000
3. Govt spending - Rs. 10000
4. Export - Rs. 90000
5. Import - Rs. 60000
6. Taxes - Rs. 5000
7. Subsidies(on production and import) - RS. 1000
8. Compensation of employee - Rs. 500
9. Property Income - Rs. 500
7,8,9 - Net receivable from aboard
10.Total capital gains from overseas investment - Rs. 1500
11.Income earned by foreign national domestically - Rs. 500
Calculate GDP
a. Rs. 100000
b. Rs. 110000
c. Rs. 120000
d. Rs. 130000
Ans - d
Solution :
GDP = Consumption + Gross investment + Government spending + (Exports - Imports)
GDP = C+I+G+(X-M)
= 50000+40000+10000+(90000-60000)
= 130000
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