{"id":134564,"date":"2023-03-17T15:55:40","date_gmt":"2023-03-17T10:25:40","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=134564"},"modified":"2023-03-17T15:55:40","modified_gmt":"2023-03-17T10:25:40","slug":"suppose-in-a-financial-year-the-gross-domestic-product-gdp-at-market-price-of-a-country-was-1100-crore-net-factor-income","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/quiz\/suppose-in-a-financial-year-the-gross-domestic-product-gdp-at-market-price-of-a-country-was-1100-crore-net-factor-income","title":{"rendered":"Suppose in a financial year, the Gross Domestic Product (GDP) at market price of a country was ? 1,100 crore. Net factor income …………………"},"content":{"rendered":"

Question :Suppose in a financial year, the Gross Domestic Product (GDP) at market price of a country was ? 1,100 crore. Net factor income from Abroad was ? 100 crore, the net indirect taxes was ? 150 crore and National income was ? 850 crore.
\nCalculate the value of depreciation, on the basis of above information.<\/h2>\n

The correct answer is -We know that,<\/h3>\n

GDP at market price = National income + Net indirect taxes or, 1,100 = 850 + 150<\/h3>\n

Also, we know that,<\/h3>\n

National income = Net domestic product at factor cost – Depreciation or, 850 = NDPFC – Depreciation<\/h3>\n

Further, we know that,<\/h3>\n

Net domestic product at factor cost (NDPFC) = GDP at factor cost – Net factor income from abroad or, NDPFC = GDP at factor cost – 100<\/h3>\n

As net factor income from abroad is given as ? 100 crore, we have,<\/h3>\n

NDPFC = GDP at factor cost – 100 or, NDPFC = 1,100 – 100 or, NDPFC = 1,000<\/h3>\n

Now, substituting the value of NDPFC in the second equation, we get<\/h3>\n

850 = 1,000 – Depreciation or, Depreciation = 1,000 – 850 or, Depreciation = 150 crore<\/h3>\n

Therefore, the value of depreciation is ? 150 crore.<\/h3>\n","protected":false},"excerpt":{"rendered":"

Question :Suppose in a financial year, the Gross Domestic Product (GDP) at market price of a country was ? 1,100 crore. Net factor income from Abroad was ? 100 crore, the net indirect taxes was ? 150 crore and National income was ? 850 crore. Calculate the value of depreciation, on the basis of above […]<\/p>\n","protected":false},"author":21830,"featured_media":134255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12119],"tags":[],"class_list":{"0":"post-134564","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-quiz"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/134564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21830"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=134564"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/134564\/revisions"}],"predecessor-version":[{"id":134567,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/134564\/revisions\/134567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/134255"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=134564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=134564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=134564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}