Question

calculate national income by income method ( value of output =800,values of intermediate consumption= 400, subsidies =10,indirect taxes=60 ,factor income received from abroad=10,factor income paid abroad= 20,mixed income of self employed =120,rent and royalty=40, interest and profit =20 ,wages and salaries=110 ,consumption of fixed capital=50 ,employer's contribution = 10 )​

Answer 1

Income method

NDP(fc) := compensation of employees+ operating surplus +mixed income for self employed person.

=> 10 +40+20+120

=> 190

NNP(fc) :- NDP(fc)+NFIA

=> 190+(10-20)

=> 190+(-10)

=> 190-10

=> 180 ...

Answer 2

Answer:

Explanation:

By income method,

NDPfc = COE + OS + mixed income

= (110+10)+(40+20)+120

= 120+60+120

=Rs300crores

NNPfc= NDPfc+ (NFIA-NFTA)

=300+(10-20) = rs290 crores

By output method,

GDPmp= value of output - intermediate consumption

= 800-400 = rs400 crores

NNPfc = GDPmp- depreciation +NFIA- NFTA -NIT

=400-50+(10-20)-(60-10)

=350+(-10)-(-50) = rs290crores