Question

16. Given the following data find the values of "Operating surplus" and "Net Exports". 6
Sl. No. Name of the Item Amount
(₹ in Crores)
1 Wages and Salaries 2400
2 National Income 4200
3 Net Exports ----
4 Factor income from abroad 200
5 Gross domestic Capital formation 1100
6 Mixed Income of Self employed 400
7 Private Final consumption Expenditure 2000
8 Net Indirect Taxes 150
9 Operating surplus ----
10 Government Final consumption Expenditure 1000
11 Depreciation 100
12 Profits 500
17. Explain the concept of Inflationary Gap using a diagram. How the following are used to correct the inflationary gap in an economy:

Answer 1

Answer:

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Explanation:

Amount. (₹ in crores). (i), National Income, 22,100. (ii), Wages and Salaries, 12,000. (iii), Private Final Consumption Expenditure, 7,200. (iv) ...