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Economics · 2023 · 3 marks
CBSE 2023 · Region 4 · Set 3 · Q11
Suppose the Gross Domestic Product (GDP) at market price of a country in a particular year was ₹ $\displaystyle 1,500$ crore. Net Factor Income from Abroad was ₹ $\displaystyle 100$ crore. The value of Net Indirect Taxes was ₹ $\displaystyle 180$ crore and the National Income was ₹ $\displaystyle 1,050$ crore. Calculate the value of depreciation for the economy.
Marking-scheme solution
National Income (NNP$\displaystyle _{FC}$) = GDP$\displaystyle _{MP}$ − Depreciation − NIT + NFIA$\displaystyle 1,050$ = $\displaystyle 1,500$ − Depreciation − $\displaystyle 180$ + $\displaystyle 100$Depreciation = $\displaystyle 1,500$ + $\displaystyle 100$ − $\displaystyle 180$ − $\displaystyle 1,050$Depreciation = ₹ $\displaystyle 370$ crore
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CBSE Class 12 Economics past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.