Question

800
Miscellaneous Practicals
ulate National Income by Income and Expenditure method.
articulars
in crores
0 Compensation of employees
1.200
(0) Not factor income from abroad
6) 20
(M) Net indirect tax
120
(M) Profits
() Private final consumption expenditure
2.000
v) Net domestic capital formation
770
-) Consumption of fixed capital
130
) Rent
400
) Interest
620
d) Mixed income of self employed
700
) Net exports
1-) 30
Government final consumption expenditure
1.100
National Incomes=737
following data, calculate "national income" by (a) income method and (b) expe
CBSE, All Ind
in crores​

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.