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Transcript
Presentation
on
Gross domestic product
Neeraj Dhiman
Introduction of GDP
•
•
•
The gross domestic product is one of the measure of
national income and output for given country’s
economy.It is defined as total money value produced in
domestic territory of country during a year. Domestic
territory does not mean only geographical bondaries of
economy.it is defined to include the following:Territory lying within the political frontiers,including
territorial water of country.
Ships and aircraft operated by the resident of country.
Oil and natural gas and floating platform operated by the
residentes of the country .
G.D.P= C+G+I+(X-M)
Types of GDP
The following types of gdp:• Gross domestic product at current prices
and constant prices
• Gross domestic product at market price.
• Gross domestic product at factor cost.
GDP at constant prices and current prices
When the privailing prices are used for
measuring gdp,we call it gdp at current price but
when we use the prices of some base year for
measuring the value of gdp, we call it gdp at
contant price.
GDP at market price
• According is Dernburg ”Gross domestic
product at market price is defined as the
market value of the output of final goods
and services produced in the domestic
territory of a country by all the producers
during an accounting year.”
Different types of GDP at M.P
Product method
C
Expenditure method
C
Income method
Net indirect tax
Deprecation
G
I
G
I
Mixed income
Profit
Interest
X-M
X-M
Rent
Compensation of
employees
GDP AT MARKET PRICE
g.d.p at market price=g.n.p at market price-net factor income from
abroad
Following data of indian economy.
Rs.crore
Compensation of employees
49651
Interest
10209
Rent
4794
Profit and dividends
6926
Mixed income
50416
Indirect tax
20092
Subsidy
3161
Depreciation of capital
9751
Net factor income from abroad
7
G.D.P at market price
= 148671-7
138920
GDP at factor cost
According is Hanson ” Gross domestic product at
factor cost is the sum of net value added by all
the producers in domestic territory of the
country and the consumption of fixed capital
during an accounting year.”
GDP at factor cost
G.D.P of factor cost=g.d.p of market priceNet indirect tax
=14878-(20092-3161)
=131747 cr.
GDP GROWTH RATE
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