# how to calculate net national product at factor cost

(1) Gross National Product (GNP): Gross National Product at Market Price: Definition and Explanation of GNP: The concept of gross national product (GNP) is comprehensive.

It’s similar and in some case the same as the GDP, or gross domestic product. 1 See answer druva3426 is waiting for your help. Calculate National Income from the following data: Computation of National Income:National income or NNPFC = Private final consumption expenditure + government final consumption expenditure – net imports +gross domestic capital formation – consumption of fixed assets – NIT + NFIA= 900+400-30+250-20-100+(-40)= Rs 1,360 crore(Note: Here change in stock is not taken into account as it is a part of the gross Domestic Capital Formation).

It is a record of the visible as well as invisible and unilateral transactions.

4. Delhi - 110058. Calculate “sales” from the following data: Net value added at factor cost (NDPFC) = 560Now,GDPmp = NDPFC +indirect tax + depreciationTherefore GDPMp = 560+60+60=680GDPMP = sales + change in stock – intermediate costOrsales = GDPMp  - change in stock + intermediate cost = sales  = 680 - (-30) + 1000 = 1710Thus sales = 1710. The gross national product portion of the NNP formula includes all the final goods and services manufactured and produced within a nation with a period. Central bank functions as a banker to the government - both central and state governments. The above diagram depicts a two-sector circular flow model.The inner arrow in the upper part of the diagram shows that the household sector provides factors services in the form of land, labour and capital to the firms. Calculate ‘Net National Product’ at Factor Cost and 'Private Income' from the Following: Concept: Gross and Net Domestic Product (GDP and NDP). CBSE Previous Year Question Paper With Solution for Class 12 Arts, CBSE Previous Year Question Paper With Solution for Class 12 Commerce, CBSE Previous Year Question Paper With Solution for Class 12 Science, CBSE Previous Year Question Paper With Solution for Class 10, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Arts, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Commerce, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Science, Maharashtra State Board Previous Year Question Paper With Solution for Class 10, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Arts, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Commerce, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Science, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 10, Mumbai university engineering question papers with solutions, A net domestic product at factor cost accruing to government, Social security contributions by employers. The circular flow of income and expenditure refers to the process whereby the national income and expenditure of an economy flow in a circular manner continuously through time.The various components of national income and expenditure such as saving, investment, taxation, government expenditure, exports, imports, etc. (5) Personal Income. (6) Disposable Personal Income. Calculate (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost. (ii) Consumption expenditure at equilibrium level of national income. At the same time, central government can borrow any amount of money from RBI by selling its rupees and securities to the later. It is assumed that there is no government sector in the economy, so no taxes and transfer payments. Gross domestic product at Market price Net current transfers to the rest of the world. (4) National Income at Factor Cost. National income can either be measured by aggregating the income of all the factors of production (inner arrow of the lower part) or by aggregating the expenditure incurred by all the sectors (upper most arrow). NNI at Factor Cost = NNI at MP plus Subsidies minus Indirect Taxes.

It records the transactions relating to physical goods only. How to Calculate the Net National Product. 2. 3.