2. Calculate National Income from the following data:
Item
Amount (in Crore Rs.)
i.
1000
Compensation of Employees
Operating Surplus
500
Mixed Income
300
Net Factor Income from Abroad
100
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Answer:
National income (income method) = Compensation of employees + Profits + Rent + Interest + Mixed income of self employed - Net factor income to abroad = 700 + 600 + 200 + 310 + 350 - 10 = 2150 crores
National income (expenditure method) = Govt. final consumption expenditure+Net domestic capital formation+Net exports+Private final consumption expenditure-Net indirect taxes-Net factor income to abroad=750 + 385 - 15 + 1100 - 60 - 10 = 2150 crores.
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