Question

Calculate GDP_mp and NNP_fc by Value Added method from the following data.

	PARTICULARS	(₹crores)
(i)	Net value added at factor cost in the Primary sector	6000
(ii)	Net value added at factor cost in the Secondary sector	4000
(iii)	Net value added at factor cost in the Tertiary sector	4500
(iv)	Net Factor Income from Abroad	(-) 50
(v)	Net Indirect taxes	150
(vi)	Intermediate consumption	2500
(vii)	Depreciation	500

Answer 1

GDP_mp and NNP_fc Value-added method.

NDP_Fc = Net value added at factor cost in Primary sector + Net value added at factor cost in the Secondary sector + Net value added at factor cost in the Tertiary sector.

= 6000 + 4000 + 4500 = ₹14500 crores

GDP_mp = NDP_fc+ Depreciation + Net Indirect taxes

= 14500 + 500 + 150 = ₹15150 crores

NNP_fc = NDP_fc+ NFIA  ...(Net Factor Income from Abroad)

= 14500 + (- 50) = ₹14450 crores