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Calculate NNP at MP BY Income method and GNP at MP by expenditure
method 1. Net capital formation=200cr 2. Private final consumption
expenditure = 1000 cr 3. operating surplus = 360 cr 4. Wages and Salary-
900 cr 5. Rent = 100 cr 6. Government final consumption expenditure =
300 cr 7. consumption of fixed capital = 50 cr 8. Net Indirect Taxes = 200
cr 9. Net factor Income from abroad = (-) 10 cr 10. Employer's contribution
to social security scheme = 50 cr 11. Net exports'= 10 cr
NNP at Mp= 1550 cr and GNP at MP 1350 cm
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NNP at Mp= 1550 cr and GNP at MP 1550 or
NNP at Mp= 1250 cr and GNP at MP 1550 cm
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NNP at Mp= 1650 cr and GNP at MP 1350 cm
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Answer:
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.
Related Questions to study
Income method is known as ______ method.
Explanation:
(i) Yes, it is a factor income from abroad.
(ii) No, it is a transfer income.
(iii) Yes, it is a factor income from abroad.
(iv) Yes, it is a part of Net Exports.
(v) No, it is a current transfer from rest of the world.
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