Macro

National Income

Easy

Calculate the value of $GDP_{MP}$ of a closed economy from the given table values.

16.10 Lacs

15.80 Lacs

15.65 Lacs

16.80 Lacs

✅ Correct Option: 1

For a closed economy, $GDP_{MP} = C + I + G = 2.85 + 5.75 + 7.5 = 16.10$ lacs. Exports and imports are excluded since the economy is closed.

Question 47

Calculate the value of $GDP_{MP}$ of an open economy from the given table values

Question 48

Calculate the value of net exports

Question 49

Calculate the NDP at market price of the closed economy from the given table values.

Question 50

Calculate the amount of personal tax.

Calculate the value of GDPMPGDP_{MP}GDPMP​ of a closed economy from the given table values.