Question

5.Given the following data find the missing values of 'gross domestic capital formation' and 'wages and salaries' mixed income of self employed- 3500 net indirect taxes- 300 government final consumption expenditure- 14,000 net exports- 3000 consumption of fixed capital -300 net factor income from abroad- 700 operating surplus -12000 national income- 30000 profits- 500 private final consumption expenditure -11000
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Answer 1

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.