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Presentation on Gross domestic product

Presentation on Gross domestic product. Neeraj Dhiman. Introduction of GDP.

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Presentation on Gross domestic product

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  1. Presentation onGross domestic product NeerajDhiman

  2. 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)

  3. 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.

  4. 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.

  5. 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.”

  6. Different types of GDP at M.PProduct method Expenditure method Income method

  7. 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

  8. 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.”

  9. GDP at factor cost G.D.P of factor cost=g.d.p of market price- Net indirect tax =14878-(20092-3161) =131747 cr.

  10. GDP GROWTH RATE

  11. Thanks

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