# National Income and Related Aggregates-Gross National Product (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 7 - 10 of 10

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## Question number: 7

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2006

Essay Question▾

### Describe in Detail

From the following data, calculate “gross value added at factor cost”.

 - ( Rs. in lakhs) Sales 180 Rent 5 Subsidies 10 Change in stock 15 Purchase of raw materials 100 Profits 25

### Explanation

value added at factor cost = Sales + Change in stock - Purchase of raw materials + Subsidies

= 180 + 15 - 100 + 10

= Rs. 105 lakh

## Question number: 8

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2012

Essay Question▾

### Describe in Detail

Find out (A) Gross National product at market price and (B) Net current transfers from Abroad.

 - (Rs crore) Net indirect tax 35 Private final consumption expenditure 500 Net national disposable income 750 Closing stock 10 Government final consumption expenditure 150 Net domestic fixed capital formation 100 Net factor income to abroad (-15) Net imports 20 Opening stock 10 Consumption of fixed capital 50

### Explanation

Gross National product at market price = Private final consumption expenditure + Government final consumption expenditure + Net domestic fixed capital formation - Consumption of fixed capital - Net imports - Net factor income to abroad

= 500 + 150 + (100 – 50) -20 – (-15)

= 695rs crore

Net national disposable income = Gross National product

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## Question number: 9

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2012

Essay Question▾

### Describe in Detail

Giving reason explain how should the following be treated in estimating national income:

(i) Interest paid by banks on deposits by individuals.

(ii) National debt interest.

### Explanation

(I) Interest paid by bank on deposits should be included in the

Estimation of National Income because it is a factor income

For the account holders.

(iii) National debt interest should not be included in

the estimation of National Income because it is not known

Whether the government has borrowed for consumption purposes

## Question number: 10

» National Income and Related Aggregates » Gross National Product

Essay Question▾

### Describe in Detail

Calculate Gross National Product at Market Price and Net National Disposable Income from the following data:

 - ( Rs. crores) Current transfers from government 25 Compensation of employees 600 Net current transfers from the rest of the world 20 Rent 100 Consumption of fixed capital 50 Interest 120 Net indirect tax 110 Profit 80 Mixed income of the self-employed 200 Net factor income from abroad (-) 10

### Explanation

(national product) NDP = Rent + Internet + Profit + Compensation of employees + Mixed income of the self-employed

= 100 + 120 + 80 + 600 + 200

= Rs. 1100 crores.

(Gross National Product) GNP = NDP + Net factor income from abroad + Net indirect tax + Consumption of fixed capital

=

=Rs 1250 Crores

Net National Disposabl

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