Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidies: $30 billion
Net factor income from abroad: $10 billion
Calculate the GDP at market prices.
GDP = NNP at factor cost + depreciation + Indirect taxes minus subsidies - Net factor income from abroad = 700+50+30-10 = 770 Note – National income is represented by NNP at factor cost and is therefore used directly in the above equation to calculate GDP.
Which of the following institution was established by the Government of India to develop and regulate international financial services centers in the co...
Who has been designated as the new Chief Coach of India's Men's National Hockey Team in March 2023, replacing Grahan John Reid?
According to the RBI, how much percent increase has been recorded in bank credit in July 2022?
What does the draft Broadcasting Services (Regulation) Bill, 2023 aim to achieve?
The Government of India has approved a plan to establish ______ new multipurpose Primary Agricultural Credit Societies (PACS) / dairy / fishery primary ...
A short-term government security paper is called ______?
What is the total value of transactions processed by the UPI platform in November, setting a new record and surpassing the previous month's figures?
’A’ App has been developed to democratize information on citizen services & provide citizen-centric services in India.It has been launched by th...
What is the main objective of KYC guidelines followed by Banks?
I- It helps prevent banks from using criminal networks.
II- KYC helps the ...
Which company unveiled the Card Soundbox, a device that allows merchants to accept both mobile and card payments, including Visa, Mastercard, American E...
