Question

calculate national income on the basis of the following data rent and royalty 15
wages and salaries 700
nfya -10
contribution of employers
to social security 50
operating surplus 60​

Answer 1

The resulting total is called Domestic Income or Net Domestic Product at FC (NDPFC)- By adding net factor income from abroad to domestic income, we get National Income (NNPFC)- Mind, in income method national income is measured at the stage when factor incomes are paid out by enterprises to owners of factors of production—land, labour, capital and enterprise.

700+60+50= 810= NDP fc

NNPfc = 810-10