Calculate 'National Income' from the data.
item
1) Ner current transfer to abroad. -15
2) Private final consumption. 600
3) subidies. 20
4) Govt Final Consumption. 100
5) Indirecr Tax 120
6) Net Imports. 20
7) Comsumptiom of fixed capital 35
8) Net Changes in stocks. -10
9) Net Factor income to abroad. 5
10) Net domestic capital formation 110
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number 5 is the correct answer
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Explanation:
From the following data, calculate National Income by Income method and Expenditure method:
Item Rs. in crores
(i) Compensation of employees 700
(ii) Government final consumption expenditure 750
(iii) Net factor income from abroad (-) 10
(iv) Net exports (-) 15
(v) Profits 600
(vi) Net indirect taxes 60
(vii) Mixed income of self-employed 350
(viii) Rent 200
(ix) Interest 310
(x) Private final consumption expenditure 1100
(xi) Net domestic capital formation 385
(xii) Consumption of fixed capital 65
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