Question

Calculate national income by income method and expenditure method from the following data. intrest is 2550, net factor income from abroad is -50, government final consumption expenditure is 1400, mixed income of
self employed is 1500, compensation of employees is 3000, private final consumption expenditure is 4500, profits is 1000, consumption of fixed capital is 60, rent is 300, net domestic capital formation 600 , net exports - 30, net current transfer from the rest of the world is 40, and net indirect tax is 42 .​

Answer 1

Answer:

Gross Annual Value of a property is the value at which the property might reasonably be expected to be let from year to year. ... The Annual Value is determined after taking 4 factors into consideration. These are: (i) Actual rent received or receivable (ii) Municipal Value (iii) Fair Rent (iv) Standard rent.