Question

Calculate gross domestic product at MP: - i. Profit 500 ii. Export. 40 iii. Compensation of employee 1500 iv. Mixed Income 2800 v. Private final consumption expenditure 1900 vi. rent 300 vii. Interest 400 viii. Factor Income from Abroad 120 ix. N I T 250 x. Net domestic capital formation. 650 xi. Gross fixed capital formation. 700 Xii. Change in stock. 50​

Answer 1

Answer:

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.