Macro

National Income

Easy

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

15.80

15.75

15.90

15.88

✅ Correct Option: 3

$NDP_{MP} = GDP_{MP} -$ Depreciation. For the closed economy $GDP_{MP} = 16.10$ lacs, so $NDP_{MP} = 16.10 - 0.20 = 15.90$ lacs.

Question 46

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

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 50

Calculate the amount of personal tax.

Solution