calculate national income and GDP mp from the following data 1. wages and salary = 5000 cr. 2. interest = 40cr. 3. mixed income = 100cr. 4. rest=50cr. 5. contribution to words social security scheme by employers =40cr. 6. net income from abroad =60cr. 7. corporation tax =20cr. 8. subsidy=30 cr. 9. dividend =50cr. 10. indirect tax=70cr. 11. undistributed profit=40cr.
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Explanation:
From the following data, calculate National Income by Income method and Expenditure method:
ItemRs. in crores(i)Compensation of employees700(ii)Government final consumption expenditure750(iii)Net factor income from abroad(-) 10(iv)Net exports(-) 15(v)Profits600(vi)Net indirect taxes60(vii)Mixed income of self-employed350(viii)Rent200(ix)Interest310(x)Private final consumption expenditure1100(xi)Net domestic capital formation385(xii)Consumption of fixed capital65
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