Calculate Net Domestic Product at Market Price (NDP_MP) from the data given below:

S. No. Particulars Amount (in ₹ lakh)
(i) Gross Domestic Product at Factor Cost 2200
(ii) Subsidies 50
(iii) Indirect Taxes 70
(iv) Net Factor Income from Abroad 100
(v) Consumption of Fixed Capital 150
(vi) Net Exports 40

Question

Income generated from Aircrafts of Air India operating between Canada and England would be added to the domestic income (NDPFC) of ____________.

Answer 1

Net Domestic Product at Market Price (NDP_MP) is calculated by adjusting Gross Domestic Product at Factor Cost.

NDP_MP = Gross Domestic Product at Factor Cost + Indirect Taxes - Subsidies

NDP_MP = 2200 + 70 - 50

NDP_MP = 2200 + 20 = 2220 lakh

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S. No.	Particulars	Amount (in ₹ lakh)
(i)	Gross Domestic Product at Factor Cost	2200
(ii)	Subsidies	50
(iii)	Indirect Taxes	70
(iv)	Net Factor Income from Abroad	100
(v)	Consumption of Fixed Capital	150
(vi)	Net Exports	40