Calculate National Income or NNP at FC Particulars ₹ in crores GDP at MP Consumption of fixed capital Goods and services

Question

Calculate National Income or NNP at FC

Particulars	₹ in crores
GDP at MP	5,500
Consumption of fixed capital	300
Goods and services tax	120
Factor income from abroad	150
Subsidies	70
Factor income to abroad	250

Answer 1

National Income or NNP at FC

= GDP at MP -M Consumption of fixed capital + (Factor income from abroad – factor income to abroad) – (Goods and Services tax – Subsidies)

=5,500 – 300 + (150-250) – (120-70)

= ₹ 5,050 crores