Question


Given the following data and using the income method calculate:(a) Ney Domestic income, (b) Gross Domestic income
Items (₹ in crore)
(I) indirect taxes 9,000
(ii) Subsidies 1,800
(iii) Depreciation 1,700
(Iv) Mixed income of self-employed 28,000
(iv) Net factor income from abroad (-) 300
(V) compensation of employees 24,000​

Answer 1

Answer:



Given the following data and using the income method calculate:(a) Ney Domestic income, (b) Gross Domestic income

Items (₹ in crore)

(I) indirect taxes 9,000

(ii) Subsidies 1,800

(iii) Depreciation 1,700

(Iv) Mixed income of self-employed 28,000

(iv) Net factor income from abroad (-) 300

(V) compensation of employees 24,000

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Answer 2

Full Question

Given the following data and using income method

calculate:-

a)NetDomesticIncome

b)Gross DomesticIncome

(in crore)

Items

1. Indirect taxes

9000

2. Subsidies

1800

3. Depreciation

1700

4. Mixed Income of self employed

28000

5. Operating surplus

10000

6. Net factor income from abroad

-300

7. Compensation of employees

24000

Answer

net domestic income (NDP fc)

i) NDPfc = Compensation ofemployees+ Operating surplus + Mixed Income

= 24,000+10,000 + 28,000

= 52,000 + 10,000

= 62,000 crores

ii) GDP mp = NDP fc + Depreciation + Net indirect Taxes

= 62,000 + 1,700 + 7,200

= 62,000 + 8,900

= 70,900 crores