Sandeep Garg Macroeconomics Class 12 Solutions Chapter 3 Unsolved Practical Apr 2026

National Income = GDP at market price - Depreciation - Net indirect taxes + Net factor income from abroad

Now, let’s solve the unsolved practical questions mentioned above:

To calculate the GDP at factor cost, we need to use the following formula: National Income = GDP at market price -

The unsolved practical questions in Chapter 3 of Sandeep Garg’s Macroeconomics for Class 12 are designed to test students’ understanding of the concept of national income. These questions require students to apply theoretical concepts to real-world scenarios, making them an essential part of the learning process.

Substituting the given values:

National Income = ₹ 20,000 crores - ₹ 2,000 crores + ₹ 1,000 crores = ₹ 19,000 crores

To calculate the national income, we need to use the following formula: 000 crores - ₹ 2

GDP at factor cost = GDP at market price - Net indirect taxes