Question

From the following data, calculate Gross National Product at Factor Cost :

Answer 1

1. `NDP_(FC)=COE+OS+MI`
`=250+400+200= Rs 850` crore
2. `GNP_(FC)=NDP_(FC)+"Depreciation"+NFIA`
`=NDP_(FC)+` [(gross fixed capital formation + change in stocks) - net capital formation]+ NFIA
`=NDP_(FC)+` (gross capital formation - net capital formation)+ NFIA
`=850+[(100+20)-110]+(-10)=850+10-10= Rs 850` crore