Question

Find national income using expenditure method
NIT=150
Net exports=(-50)
Current transfers from the rest of the world=50
Rent=100
Private final consumption expenditure=800
Net domestic capital formation=300
Compensation of employees=500
NFIA=(-20)
Government final consumption expenditure=400
Profit=200
Mixed income of self employed=400
Interest=200

Answer 1

Answer:

of employees + Profits + Rent + Interest + Mixed income of self employed - Net factor income to abroad = 700 + 600 + 200 + 310 + 350 - 10 = 2150 crores

National income (expenditure method) = Govt. final consumption expenditure+Net domestic capital formation+Net exports+Private final consumption expenditure-Net indirect taxes-Net factor income to abroad=750 + 385 - 15 + 1100 - 60 - 10