Question

44. Calculate GDP at MP by Income method and National income by Expenditure method.
FC by Expenditure method : 1270 crores
Particulars
(0) Compensation of employees
in crores
(ii) Indirect taxes
13,000
(iii) Gross fixed capital formation
3,700
8,100
(iv) Interest, rent and profit
(v) Government final consumption expenditure
5,000
3,600
(vi) Mixed income of self employed
16,000
(vii) Change in stock
1,000
(viii) Imports of goods and services
1,800
(ix) Exports of goods and services
1,700
(x) Private final consumption expenditure
27,000
(xi) Subsidies
300
(xii) Net factor income from abroad
(-) 250
(xiii) Consumption of fixed capital
2,200

Answer 1

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.

Answer 2

Answer:

income method

Explanation:

GDPmp = NDPfc + CFC + NIT = 39600