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SubjectsEconomics
राष्ट्रीय आय से संबंधित समुच्चय: NDP
In Class 12 Economics, this topic from National Income and Related Aggregates explains Net Domestic Product (NDP), the value of final goods and services produced within a country’s domestic territory after deducting depreciation, or consumption of fixed capital, from GDP. Students distinguish NDP at market prices from NDP at factor cost, understand the role of net indirect taxes, and connect these measures with national income accounting and the assessment of current domestic production.
TOPIC PRACTICE
Up to 6 questions from this page. Select your focus, then start.
The governing identities are GDP = NDP + depreciation and market price = factor cost + net indirect taxes. Therefore, GDP at market price = ₹10,300 + ₹800 + ₹500 = ₹11,600 crore. Option C is correct because both required adjustments are added. Option A omits net indirect taxes, while B and D use incorrect totals.
To move from national to domestic product, subtract net factor income from abroad: GDP at market price = ₹13,500 − ₹400 = ₹13,100 crore. To move from gross to net, subtract depreciation: NDP at market price = ₹13,100 − ₹900 = ₹12,200 crore. Thus option B is correct; the other values result from omitting or mishandling one adjustment.
First convert NNP at factor cost to NDP at factor cost by subtracting NFIA: NDP at factor cost = ₹15,000 − (−₹500) = ₹15,500 crore. A negative NFIA increases the domestic figure because income flows outward from the country. Add net indirect taxes to change factor cost to market price: ₹15,500 + ₹700 = ₹16,200 crore. Option D is correct.
Net indirect taxes equal indirect taxes minus subsidies: ₹1,300 − ₹400 = ₹900 crore. First remove depreciation and net indirect taxes from GDP at market price: NDP at factor cost = ₹18,000 − ₹1,400 − ₹900 = ₹15,700 crore. Add NFIA to obtain national income: ₹15,700 + ₹350 = ₹16,050 crore. Therefore option A is correct.
The governing relationships are GDP at market price = NDP at factor cost + depreciation + net indirect taxes. Substituting the values gives GDPMP = 12,600 + 950 + (−150) = ₹13,400 crore. Thus option B is correct. Because net indirect taxes are negative, they reduce the result by ₹150 crore. Options A, C and D result from mishandling the negative sign or adding the wrong adjustment.
To convert GNP at market price into GDP at market price, subtract net factor income from abroad: GDPMP = GNPMP − NFIA = 17,000 − (−300) = ₹17,300 crore. Then subtract depreciation to obtain NDPMP: 17,300 − 1,200 = ₹16,100 crore. Therefore option B is correct. The negative NFIA increases GDP relative to GNP; ignoring that sign produces a wrong answer.
QUIZ COMPLETE
