Question

19. Compute National Income. (Rs.in crore)i) Private final consumption expenditure 900(ii) Government final consumption expenditure 400(iii) Net imports 30(iv) Gross domestic capital formation 250(v) Change in stock 50(vi) Net domestic fixed capital formation 180(vii) Net indirect taxes 100(viii) Net factor income from abroad (-)40(ix) Profits 100​

Answer 1

Answer:

From the following data, calculate National Income by Income method and Expenditure method:

Item Rs. in crores

(i) Compensation of employees 700

(ii) Government final consumption expenditure 750

(iii) Net factor income from abroad (-) 10

(iv) Net exports (-) 15

(v) Profits 600

(vi) Net indirect taxes 60

(vii) Mixed income of self-employed 350

(viii) Rent 200

(ix) Interest 310

(x) Private final consumption expenditure 1100

(xi) Net domestic capital formation 385

(xii) Consumption of fixed capital 65