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Suppose in a hypothetical economy there are only two Firms A and B, Firm A sold goods for ₹ 2,000 to Firm B and purchased goods for ₹ 1,000. - Economics

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प्रश्न

Suppose in a hypothetical economy there are only two Firms A and B, Firm A sold goods for ₹ 2,000 to Firm B and purchased goods for ₹ 1,000. Firm B exported goods for ₹ 2,500 and had domestic sales of ₹ 1,500. Calculate Net Domestic Product at market price, if consumption of fixed capital is ₹ 200.

थोडक्यात उत्तर
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उत्तर

  Value of Output
(in ₹)
Intermediate Consumption
(in ₹)
Value Addition
(in ₹)
A 2,000 (to B) 1,000 (Purchases) 1,000
B 2,500 (exports)
1,500 (domestic sales)
2,000 2,000
Total 6,000 3,000 3,000

Net Domestic Product at MP = Gross Domestic Product at Market price – Consumption of Fixed Capital

= 3,000 – 200

= ₹ 2,800

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Gross and Net Domestic Product at Market Price
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