SECTION-A On the basis of the data given below for an imaginary economy, estimate the Gross National Product at Market price ( {\GNP}_{ {\MP}}) : S.No. Items Amount (₹ in crore) (i) Household Consumption Expenditure 2,000 (ii) Government Final Consumption Expenditure 1,000 (iii) Gross Fixed Capital Formation 1,100 (iv) Net additions to Stock 200 (v) Exports 600 (vi) Net factor income from abroad 150 (vii) Imports 400

CBSE 2023 Class 12 Economics Outside Delhi Set 3 - Question 1

Question : 1 of 5

Marks: +1, -0

SECTION-A
On the basis of the data given below for an imaginary economy, estimate the Gross National Product at Market price

( {\GNP}_{ {\MP}}) :

S.No.	Items	Amount (₹ in crore)
(i)	Household Consumption Expenditure	2,000
(ii)	Government Final Consumption Expenditure	1,000
(iii)	Gross Fixed Capital Formation	1,100
(iv)	Net additions to Stock	200
(v)	Exports	600
(vi)	Net factor income from abroad	150
(vii)	Imports	400

Solution:

{\GNP}_{ {\MP}}= {\GDP}_{ {\MP}}+

Net Factor Income from abroad

=4500+150=4650

crore

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

Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports

=3000+1300+200=4500

crore
(a) Final Consumption Expenditure

=

Household Consumption Expenditure + Government Final Consumption Expenditure

=2000+1000=3000

crore
(b) Gross Domestic Capital Formation

=

Gross Fixed Capital Formation + Net Addition to Stock

=1100+200=1300 \;\text " crore "\;

=

Exports - Imports

=600-400

=200

crore

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