Question

Find out National Income:



Particulars
(1) Factor income from abroad
(ii) Private final consumption expenditure
(iii) Consumption of fixed capital
(iv) Government final consumption expenditure
(v) Change in stock
(vi) Net domestic fixed capital formation
(vii) Net factor income to abroad
(viii) Net imports
(ix) Net indirect tax
15
600
50
200
(-) 10
110
10
(-) 20
70


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Answer 1

Answer:

National income (income method) = Compensation 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 = 2150 crores.