Economics · Economy
A town calculates its economic indicators for the financial year using the following data for its three major sectors (in INR Crore): - Primary (Agriculture): Revenue Receipts = 1,000; Intermediate Consumption = 250; Depreciation = 50 - Secondary (Processing): Revenue Receipts = 2,500; Intermediate Consumption = 1,000; Depreciation = 150 - Tertiary (Services & Trade): Revenue Receipts = 4,000; Intermediate Consumption = 1,500; Depreciation = 200 Additionally, the town collects Taxes on Products amounting to INR 300 Crore and distributes Subsidies on Products amounting to INR 50 Crore. The Net Factor Income from Abroad (NFIA) is INR 0 Crore. Calculate the town's Gross Domestic Product (GDP) and Net Domestic Product (NDP) for the year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1GDP = INR 6,000 Crore and NDP = INR 5,600 Crore.
- 2GDP = INR 5,450 Crore and NDP = INR 5,100 Crore.
- 3GDP = INR 5,000 Crore and NDP = INR 4,600 Crore.✓
- 4GDP = INR 5,500 Crore and NDP = INR 5,100 Crore.
Correct answer
GDP = INR 5,000 Crore and NDP = INR 4,600 Crore.
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