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Questions › JNU › JNU SSS 2014 › Q10
1 mark, −0.25Macroeconomics › National income accounting › The expenditure methodHardabout 3 min

JNU SSS 2014 Question 10: National income accounting

Expenditure on Gross Domestic Product (in ₹ 100 billion)

At Current Prices2009–102010–112011–122012–13
1. Final consumption expenditure448525617696
1.1 Government final consumption expenditure7789103119
1.2 Private final consumption expenditure371436514577
2. Gross fixed capital formation206241286307
3. Change in stocks18271717
4. Valuables12162527
5. Exports of goods and services130171215243
5.1 Export of goods85114147163
5.2 Export of services45576879
6. Import of goods and services165205272311
6.1 Import of goods136168235267
6.2 Import of services28373844
7. Discrepancies031432
8. Expenditure on gross domestic productABCD
At Constant 2004–05 Prices2009–102010–112011–122012–13
1. Final consumption expenditure340368400421
1.1 Government final consumption expenditure55586266
1.2 Private final consumption expenditure285309338355
2. Gross fixed capital formation159177199200
3. Change in stocks14211211
4. Valuables9131318
5. Exports of goods and services100120138145
5.1 Export of goods668296100
5.2 Export of services34384245
6. Import of goods and services133154187199
6.1 Import of goods112127163174
6.2 Import of services21272325
7. Discrepancies–10–15–12–6
8. Expenditure on gross domestic product479XYZ

Source : CSO Press Note dated 31st January, 2014

“At current prices, the gross fixed capital formation of the public sector has increased by 23·5% from 6·4 lakh crore in 2011–12 to 7·9 lakh crore in 2012–13, that of private corporate sector by 0·8% from 8·5 lakh crore in 2011–12 to 8·6 lakh crore in 2012–13, and the household sector by 3·9% from 13·7 lakh crore in 2011–12 to 14·3 lakh crore in 2012–13.” The government expenditure to GDP ratio in 2012–13 would then approximately be

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National income accounting has come up 132 times in 6 exams since 2010.

What this question tests

This question is on The expenditure method, part of National income accounting in Macroeconomics.

Measuring GDP as consumption, investment, government spending and net exports.

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