Question

calculate national income where mixed income of self employed is equals to 200 old age pension is equals to 20 dividend is = 100 operating surplus is equals to 900 wages and salaries is equals to 500 profit equal to 400 employers contribution to social security schemes is equals to 50 net factor income from abroad is equals to minus 10 consumption of fixed capital equals to 15 net indirect tax is equals to 50​

Answer 1

1,640 crores would be the national income.

Explanation:

Given that,

i). Mixed-income of self-employed = Rs. 200

ii). old age pension = 20

iii). Dividend   = 100

iv). operating surplus = 900

v). Wages and salaries = 500

vi). Profit  = 400

vii). Employers contribution to social security schemes = 50

viii). Net factor income from abroad = (-10)

ix). Consumption of fixed capital = 15

x). Net indirect tax  = 50

Domestic Income = 200 + 900 + 500 + 50

= 1650

National Income = Domestic Income + NFIA

= 1650 + (-10)

= 1640.

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