Question 35
HardOriginal questionNational income is ₹800 crore, depreciation ₹100 crore, net indirect taxes ₹80 crore and NFIA ₹−20 crore. GDP at market price is
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Work back: NNP at MP = 800 + 80 = 880; GNP at MP = 880 + 100 = 980.
GDP at MP = GNP − NFIA = 980 − (−20) = ₹1,000 crore.
Worth noting
₹960 crore subtracts 20 when going from national to domestic; removing a negative NFIA adds 20.
- Concept
- Working back to GDP
- Typical timeTypical
- 100 s
- Your timeYours
- —
Practise this chapter →
Ten questions from National Income Aggregates & GDP, at your own pace.