# National Income and Related Aggregates-Gross and Net Domestic Product (CBSE Class-12 Economics): Questions 5 - 7 of 7

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 523 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 900.00 or

## Question number: 5

» National Income and Related Aggregates » Gross and Net Domestic Product

Essay Question▾

### Describe in Detail

Calculate ‘Gross value added at factor cost’ from the following data:

 - ( Rs. Lakhs) Sales tax 20 Sales 400 Purchase of raw material 250 Excise duty 30 Change in stocks (-40) Import of raw material 12 Depreciation 9

### Explanation

Gross value added at factor cost = Sales + Change in stocks - Purchase of raw material - Sales tax + Excise duty

= 400 + (-40) – 250 – (20 + 30)

=60

## Question number: 6

» National Income and Related Aggregates » Gross and Net Domestic Product

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 transfer 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… (52 more words) …

## Question number: 7

» National Income and Related Aggregates » Gross and Net Domestic Product

Essay Question▾

### Describe in Detail

Calculate Net value Added at factor cost from the following data:

Calculate Net value Added at factor cost

Find Net value Added at factor cost

 - ( Rs. Lakhs) Depreciation 20 Intermediate cost 90 Subsidy 5 Sales 140 Exports 7 Change in stock (-) 10 Imports of raw materials 3

### Explanation

Net value Added at factor cost = Sales + Change in stock - Depreciation + Subsidy- Intermediate cost

=

=

= Rs. 25 Lakhs

f Page