If the GDP of a country in a year is ₹ 1,000, its NDP is ₹ 950 and the expenditures on machinery and equipment, and construction are ₹ 150 and ₹ 100 respectively, then what would be its Net Fixed Capital Formation in the year?
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National income accounting has come up 132 times in 6 exams since 2010.
This question is on Saving and investment identities, part of National income accounting in Macroeconomics.
The accounting links between saving, investment, the government budget and the current account.
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Question from the JNU SSS 2017 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.