Calculate (a) Operating surplus and (b) National income from the following data given
Wages and salaries in cash & kind
Rent
1500
400
Interest
400
(iii)
(iv)
460
Corporation tax
Depreciation
100
Indirect tax
120
Retirement pension
500
(viii)
Subsidies
20
Dividend
940
(2)
300
Undistributed profit
Net factor income to abroad
150
(xii)
Mixed income
200
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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.
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