CALCULATE GDP at MP BY INCOME METHOD AND NATIONAL INCOME BY EXPENDITURE METHOD FROM THE FOLLOWING DATA:-
COE-13,000
INDIRECT TAXES-3,700
GROSS FIXED CAPITAL FORMATION-6,300
INTEREST,RENT &PROFIT-5,000
GOVT. FINAL CONSUMPTION EXPENDITURE-3400
MIXED INCOME OF SELF EMPLOYED-16000
CHANGE IN STOCK-1000
IMPORTS-1800
EXPORTS-1700
PRIVATE FINAL CONSUMPTION EXPENDITURE-29000
SUBSIDIES-300
NFIA-250
​CONSUMPTION OF FIXED CAPITAL-2200
 

Calculation of GDPMP​ by income method.
Gross Domestic Product at Market Price(GDPMP) =                                   Compensation of Employees + Operating Surplus(Interest, Rent & Profit) + Mixed Income + Consumption of Fixed capital + Net Indirect Taxes                                             =   13000 + 5000 + 16000 + 2200 + (3700-300)                                            =   34000 + 5600                                            =   39600

Calculation of Net National Product At Factor Cost NNP FC by Expenditure Method
NNP​FC = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Fixed Capital Formation + Change In Stock + Net Exports - Depriciation - Net Indirect Taxes + NFIA
           = 29000 + 3400 + 6300 + 1000 + (1700 - 1800) - 2200 - (3700 - 300) + 250
          = 32400 + 7300 - 100 -2200 -3400 + 250
          = 39600 - 5600 + 250
         = 34250
* Net Exports = Exports - Imports
* Net Indirect Taxes = Indirect Taxes - Subsidies

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