Calculate NATional income by Expenditure Method ,Government Final consumption expenditure 2000,Wages and Salaries7600,Dividend 1000,Rent and Royalty 400,Interest 300,Addition to the stock of Capital 1000,Profit 1600,Employer’s Contribution to Social Security 400,Excess of Imports over export 100,Net factor to abroad 60,Net factor to abroad 60,Private final consumption expenditure 8000,Net Indirect taxes 600
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Answer:
Answer
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.
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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