Sandeep Garg Macroeconomics Class 12 Solutions Chapter 3 Unsolved Practical — Full & Recommended

National Income = GDP at market price - Depreciation - Net indirect taxes + Net factor income from abroad

To calculate the GDP at factor cost, we need to use the following formula:

Now, let’s solve the unsolved practical questions mentioned above: National Income = GDP at market price -

National Income = GDP - Depreciation + Net factor income from abroad

To calculate the national income, we need to use the following formula: 000 crores - ₹ 3

Substituting the given values:

Sandeep Garg Macroeconomics Class 12 Solutions Chapter 3 Unsolved Practical** 000 crores = ₹ 12

GDP at factor cost = ₹ 15,000 crores - ₹ 3,000 crores = ₹ 12,000 crores