SECTION-A On the basis of the data given below for an imaginary economy, estimate the Net Domestic Product at Factor Cost ( {\NDP}_{ {\FC}}) : S.No. Items Amount (₹ in crore) (i) Household Consumption Expenditure 3,000 (ii) Government Final Consumption Expenditure 1,000 (iii) Net Domestic Fixed Capital Formation 1,000 (iv) Change in Stock 200 (v) Exports 500 (vi) Indirect Taxes 350 (vii) Imports 300 (viii) Subsidies 50

CBSE 2023 Class 12 Economics Outside Delhi Set 2 - Question 1

Question : 1 of 9

Marks: +1, -0

SECTION-A
On the basis of the data given below for an imaginary economy, estimate the Net Domestic Product at Factor Cost

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

S.No.	Items	Amount (₹ in crore)
(i)	Household Consumption Expenditure	3,000
(ii)	Government Final Consumption Expenditure	1,000
(iii)	Net Domestic Fixed Capital Formation	1,000
(iv)	Change in Stock	200
(v)	Exports	500
(vi)	Indirect Taxes	350
(vii)	Imports	300
(viii)	Subsidies	50

Solution:

\N \D \P_{\F \C}=\G \D \P_{\M \P}-

Depreciation - Net Indirect Taxes

=5400-0-300=5100 \;\text " crore "\;

\GDP_\MP

= Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports

=4000+1200+200=5400

crore
(a) Final Consumption Expenditure

=

Household Consumption Expenditure + Government Final Consumption Expenditure

=3000+1000=4000 \;\text " crore "\;

(b) Gross Domestic Capital Formation = Net Domestic Fixed Capital Formation + Depreciation + Change in Stock

=1000+0+200=1200 \;\text " crore "\;

=

Exports - Imports

=500-300

=200

crore
(d) Net Indirect Taxes

=

Indirect Taxes - Subsides

=350-50=300

crore

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