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Economics · 2023 · 3 marks
CBSE 2023 · Region 4 · Set 1 · Q11
Suppose, the Gross Domestic Product (GDP) at market price of a country in a particular year was ₹ 1,100 crore. Net Factor Income from abroad was ₹…
Suppose, the Gross Domestic Product (GDP) at market price of a country in a particular year was ₹ $\displaystyle 1,100$ crore. Net Factor Income from abroad was ₹ $\displaystyle 100$ crore. The value of Net Indirect Taxes was ₹ $\displaystyle 150$ crore and the National Income was ₹ $\displaystyle 850$ crore. Calculate the value of depreciation for the economy.
Marking-scheme solution
National Income $\displaystyle (NNP_{FC})$ = Gross Domestic Product at Market Price $\displaystyle (GDP_{MP})$ – Depreciation + Net factor income from abroad – Net Indirect Taxes$\displaystyle 850$ = $\displaystyle 1,100$ – Depreciation + $\displaystyle 100$ – $\displaystyle 150$Depreciation = $\displaystyle 1,100$ + $\displaystyle 100$ – $\displaystyle 150$ – $\displaystyle 850$Depreciation = ₹ $\displaystyle 200$ crore
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.