Question

7. Calculate gross domestic product at market price using the following data - (3)
Items Rs. In crores
Mixed income of self employed 1850
Consumption of fixed capital 120
Indirect taxes 260
Rent, interest and profits 1290
Subsidies 30
Wages and salaries 700
Employers contribution to social securityschemes 30
Net factor income from abroad (-) 10​

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