# National Income and Related Aggregates-Gross National Product (CBSE Class-12 Economics): Questions 4 - 6 of 10

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## Question number: 4

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2005

Essay Question▾

### Describe in Detail

From the following data about firm ‘X’, calculate gross value added at factor cost:

 - Rs. (in thousand) Sales 500 Opening stock 30 Closing stock 20 Purchase of intermediate produce 300 Purchase of machinery 150 Subsidy 40

### Explanation

Gross value added at factor cost by firm ‘X’ = Sales + Closing stock -

Opening stock + Subsidy - Purchase of intermediate produce

= 500 + 20 – 30 + 40 – 300

= 230 Rs.

## Question number: 5

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2009

Essay Question▾

### Describe in Detail

Calculate “gross national product at factor cost” from the following data by

(I) Income method, and (ii) Expenditure method.

 - ( Rs. In crores) Private final consumption expenditure 1000 Net domestic capital formation 200 Profits 400 Compensation of employees 800 Rent 250 Government final consumption expenditure 500 Consumption of fixed capital 60 Interest 150 Net current transfers from rest of the world (-) 80 Net factor income from abroad (-) 10 Net exports (-) 20 Net indirect taxes 80

### Explanation

(I) Income method

Gross national product at factor cost =

Profits + Compensation of employees + Rent + Interest + Net factor income from abroad

= 400 + 800 + 250 + 150 + 60 + (-10)

= Rs. 1650 crore

(ii) Expenditure method

Gross national product at factor cost… (53 more words) …

## Question number: 6

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2010

Essay Question▾

### Describe in Detail

Calculate Net National Product at Factor Cost and Gross National Disposable Income from the following

 - ( Rs. in crore) Saving of non-departmental enterprises 50 Income from property and entrepreneurship accruing to the government administrative departments 70 Personal tax 90 National debt interest 20 Retained earnings of private corporate sector 10 Current transfer payments by government 40 Consumption of fixed capital 60 Corporation tax 30 Net indirect-tax 80 Net current transfers from rest of the world (-) 10 Personal disposable income 1000

### Explanation

ncome accruing to private sector = Personal disposable income + Personal tax + Retained earnings of private corporate sector + Corporation tax + National debt interest + Current transfer payments by government + Net current transfers from rest of the world

= 1000 + 90 + 10 + 30 -… (79 more words) …

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