Economy, asked by skiversanjith, 5 months ago

Ans.
13
Calculate Net Domestic Product at market price by using Income and Expenditure methods:
Items
in crores
Wages and salary in cash
1200
Rent
150
Interest
200
100
150
Employee's contribution to social security schemes
Employers contribution to social security schemes
Private final consumption expenditure
800
50
Net exports
600
Operating surplus
100
Income from abroad
500
Net domestic fixed capital formation
Government final consumption expenditure
600
50
Income to abroad
2150
Gross national disposable income
100
Net indirect taxes
2000
Value of output
2100
Net national disposable income
100
Change in stock

Answers

Answered by msjayasuriya4

Explanation:

Calculate the Gross National Product at Market Price and Personal Income :

(Rs crores)

i) Wages and salaries 800

ii)

Personal tax 150

iii) Operating surplus 200

iv) Undistributed profits 10

v) Social security contributions by employers 100

vi) Corporate tax 50

vii) Net factor income to abroad (-)20

viii) Personal disposable income 1,200

ix) Net indirect tax 70

x) Consumption of fixed capital 30

xi) Mixed income of self-employed 500

xii) Royalty 9

Study later

ANSWER

Gross National Product at Market Price = Wages and salaries + Social security contribution by employers + Operating surplus + Mixed income of self employed + Depreciation − Net Factor Income to Abroad + Net Indirect taxes

Gross National Product at Market Price =800+100+200+500+30−(−20)+70

Gross National Product at Market Price =Rs1,720crore

Personal Income = Personal disposable income + Personal tax Personal Income =1200+150

Personal Income =Rs1,350crore

Answer By

avatar

Toppr

How satisfied are you with the answer?

This will help us to improve better

ASK

Get Instant Solutions, 24x7

No Signup required

girl

Prev Question

Next Question

Practice important Questions

CBSE 2015 Class 12 Economics Paper

35 Qs