Question 4
MediumOriginal questionData for an economy:
| Item | ₹ crore |
|---|---|
| GDP at market price | 1,000 |
| Depreciation | 100 |
| Net indirect taxes | 80 |
| Net factor income from abroad | −20 |
What is GNP at market price?
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
GNP at MP = GDP at MP + NFIA = 1,000 + (−20) = ₹980 crore.
Worth noting
₹1,020 crore adds 20 as if NFIA were positive; here it is negative.
- Concept
- GNP from GDP
- Typical timeTypical
- 70 s
- Your timeYours
- —
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