Question

Calculate National Income from the following data:
in crores

(1 Rent 150

(ii) Interest 100

(ii) Profit 200

(iv) Compensation of employees400

(v) Dividends 120

(vi) Mixed income of self employed
500
(vii) Employer's contribution to social security scheme 40

(viit) Direct Taxes 100

(x) Net Factor income from abroad
-50

Answer 1

Answer:

National Income = Operating surplus + Mixed income of self employed + Wages and salaries + Employers contributions to Social security contributions + NFIA

National Income = 900 + 200 + 500 + 50 - 10 = 1640.