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NextQ3

(i) From the following data, calculate the value of Gross National Product at Factor Cost (GNP_FC) : (ii) Distinguish between Rent and Royalty. (i) Calculate the value of 'Net Value Added at Factor Cost' (NVA_FC) using the given data : (ii) Distinguish between 'value of output' and 'value addition'.

Nominal vs. Real GDP and Related ConceptsStudy Simplify SpecialPYQ3SQ
Question 2

Estimate the value of Nominal Gross Domestic Product (GDP) for a hypothetical economy. The values of Real Gross Domestic Product (GDP) and Price Index are given as Rs. 500 crores and 125 respectively. Giving valid reasons explain, which of the following will not be included in the estimation of National Income of India ? (i) Purchase of shares of Sethi Ltd. by an investor in the Bombay Stock Exchange. (ii) Salaries paid by Indian Embassy situated at Japan, to the local workers. (iii) Depreciation on capital assets charged by firms.

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