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Subjects
Class 11EconomicsNational Income and Related AggregatesGDP and WelfareHardLevel 27

If GDP at market price is ₹12,000 crore, NNP at factor cost is ₹10,300 crore, NIT is ₹600 crore, and depreciation is ₹900 crore, what is NFIA?

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Answer and explanation

Correct answer: −₹200 crore

The conversion formula is NNP at factor cost = GDP at market price + NFIA − depreciation − NIT. Substituting the data gives ₹10,300 = ₹12,000 + NFIA − ₹900 − ₹600 = ₹10,500 + NFIA. Therefore, NFIA = ₹10,300 − ₹10,500 = −₹200 crore. The negative value indicates a net outflow of factor income abroad.

Tags

economicsNFIANNPGDPdepreciationnet indirect taxesGDP and WelfareNational Income and Related Aggregates

Frequently asked questions

What is the correct answer to this question?

−₹200 crore

Why is this the correct answer?

The conversion formula is NNP at factor cost = GDP at market price + NFIA − depreciation − NIT. Substituting the data gives ₹10,300 = ₹12,000 + NFIA − ₹900 − ₹600 = ₹10,500 + NFIA. Therefore, NFIA = ₹10,300 − ₹10,500 = −₹200 crore. The negative value indicates a net outflow of factor income abroad.

Which subject and chapter does this question cover?

This is a Class 11 Economics question. Chapter: National Income and Related Aggregates. Topic: GDP and Welfare.

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