Calculate 'Net National Product at Market Price' and 'Personal Income : S.No. Particular Amount ₹ in crore (i) Transfer payments by government 7 (ii) Government final consumption expenditure 50 (iii) Net imports (-)10 (iv) Net domestic fixed capital formation 60 (v) Private final consumption expenditure 300 (vi) Private income 280 (vii) Net factor income to abroad (-)5 (viii) Closing stock 8 (ix) Opening stock 8 (x) Depreciation 12 (xi) Corporate tax 60 (xii) Retained earnings of corporations 20

CBSE 2015 Class 12 Economics Outside Delhi Set-2 - Question 3

CBSE 2015 Class 12 Economics Outside Delhi Set-2

Question : 3 of 3

Marks: +1, -0

Calculate 'Net National Product at Market Price' and 'Personal Income :

S.No.	Particular	Amount ₹ in crore
(i)	Transfer payments by government	7
(ii)	Government final consumption expenditure	50
(iii)	Net imports	(-)10
(iv)	Net domestic fixed capital formation	60
(v)	Private final consumption expenditure	300
(vi)	Private income	280
(vii)	Net factor income to abroad	(-)5
(viii)	Closing stock	8
(ix)	Opening stock	8
(x)	Depreciation	12
(xi)	Corporate tax	60
(xii)	Retained earnings of corporations	20

Solution:

{\NNP}_{ {\MP}}=

Private final consumption expenditure + Government final consumption expenditure + (Net domestic fixed capital formation + depreciation) + Change in stock - Net imports depreciation - Net factor income to abroad

{\NNP}_{ {\MP}}=300+50+60+12

+(8-8)-(-10)-12-(-5)

{\NNP}_{ {\MP}}=₹ {4 2 5}

crores

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