On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at factor cost ({\NDP}_{{\FC}}) : S.No. Items Amount (₹ in crore) (i) Household Consumption Expenditure 2,000 (ii) Government Final Consumption Expenditure 1,500 (iii) Gross Domestic Fixed Capital Formation 1,000 (iv) Net additions to stock 300 (v) Exports 700 (vi) Net Indirect Taxes 350 (vii) Imports 200 (viii) Consumption of FixedCapital 250

CBSE 2023 Class 12 Economics Outside Delhi Set 1 - Question 14

Question : 14 of 52

Marks: +1, -0

On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at factor cost

({\NDP}_{{\FC}})

S.No.	Items	Amount (₹ in crore)
(i)	Household Consumption Expenditure	2,000
(ii)	Government Final Consumption Expenditure	1,500
(iii)	Gross Domestic Fixed Capital Formation	1,000
(iv)	Net additions to stock	300
(v)	Exports	700
(vi)	Net Indirect Taxes	350
(vii)	Imports	200
(viii)	Consumption of FixedCapital	250

Solution:

{\NDP}_{ {\FC}}= {\GDP}_{ {\MP}}-

Consumption of Fixed Capital - Net Indirect Taxes

=5300-250-350=4700 \;\text " crore "\;

{\GDP}_{ {\MP}}=

Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports

=3500+1300+500=5300

crore
(a) Final Consumption Expenditure + Household Consumption Expenditure + Government Final Consumption Expenditure.

=2000+1500=3500 \;\text " crore "\;

(b) Gross Domestic Capital Formation

=

Gross Domestic Fixed Capital Formation + Net addition to stocks

=1000+300=1300 \;\text " crore "\;

=

Exports - Imports

=700-200

=500 \;\text " crore "\;

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