Differentiate between GNP and GDP.Also Find out GNP at factor cost of the given data.The net domestic product at market price of an economy is Rs.4500cr. The capital stock worth Rs.4000cr and it depreciates at the rate of 10% per annum. Net indirect tax amount to Rs.130cr,factor income from rest of the world is 400cr. And to rest of the world is 600 cr.

Differentiate between GNP and GDP.Also Find out GNP at factor cost of the given data.The net domestic product at market price of an economy is Rs.4500cr. The capital stock worth Rs.4000cr and it depreciates at the rate of 10% per annum. Net indirect tax amount to Rs.130cr,factor income from rest of the world is 400cr. And to rest of the world is 600 cr.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.1P

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