Calculate Gross Domestic Product (GDP) and National income… – BIT Economics 2079 Solved

BIT Economics · 2079 · Solved Question with Answer

Calculate Gross Domestic Product (GDP) and National income from the following data:

S.N.	Items	Rs. (in Millions)
1	Personal Consumption Expenditure	6500
2	Indirect tax less subsidies	150
3	Government consumption and investment expenditure	2500
4	Change in business inventories	100
5	Gross Private domestic fixed investment	950
6	Exports	900
7	Net factor payments to the rest of the world	-100
8	Imports	1200
9	Depreciation	200
10	Foreign investment	250

Solution

Calculate Gross Domestic Product (GDP) and National income from the following data: S.N. Items Rs. (in Millions) 1 Personal Consumption Expenditure…