Question

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​

Answer 1

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