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On the basis of the data given below, estimate the value of Domestic Income (NDPFC). (1) Private final consumption expenditure 2,000, (2) Government final consumption expenditure 1,500, - Economics

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Question

On the basis of the data given below, estimate the value of Domestic Income (NDPFC).

S.
No.
Items Amount
(₹ in crore)
(1) Private final consumption expenditure 2,000
(2) Government final consumption expenditure 1,500
(3) Gross domestic fixed capital formation 1,000
(4) Addition to stock 400
(5) Consumption of fixed capital 50
(6) Net factor income from abroad 100
(7) Net indirect Taxes 200
(8) Net Exports 700
Numerical
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Solution

GDPMP = Private final consumption expenditure + Government final consumption expenditure + (Gross domestic fixed capital formation + Addition to stock) + Net export

= 2000 + 1500 + (1000 + 400) + 700

= 3500 + 1400 + 700

= ₹ 5600 crore

NDPFC = GDPMP − Depreciation − Net indirect tax

= 5600 − 50 − 200

= ₹ 5350 crore

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2024-2025 (March) Outside Delhi Set 2
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