calculate compensation of employees from the following data: Rent - 40 Interest - 70 Profit -30 , Consumption of fixed capital - 500 Gross domestic products at factor cost - 500 ,Mixed income of self-employed - 100 Ans. 160 lakh
Answers
Answer:
Transport is important because it enables communication, trade and other forms of exchange between people, that in turn establishes civilizations. Transport plays an important part in economic growth and globalization, but most types cause air pollution and use large amounts of land.
Transport is important because it enables communication, trade and other forms of exchange between people, that in turn establishes civilizations. Transport plays an important part in economic growth and globalization, but most types cause air pollution and use large amounts of land.
Explanation:
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Given, GDPfc = 500
Consumption of fixed capital (Depreciation) = 500
NDPfc = GDPfc - Depreciation =
= 500 - 500 =
= 0
so, NDPfc = COE + rent + interest + profit + Mixed income
= COE + 40 + 70 + 30 + 100 O =
-COE = 0 - 150
COE = 150