Given the following data, find the value of "Government Final Consumption expenditure" and "Mixed income of self employed" ITEMS (Rs. In crores) National Income 61000 Net factor Income from abroad 1000 Net Indirect tax 2500 Profits [1200 Wages and salaries 15000 Rent & Royalty 10,000 Net Exports 15000 Private Final 40,000 consumption Expenditure Consumption of fixed 3000 capital Operating surplus 30,000 14000 Imports Gross domestic capital formation (10,000
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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.
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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.
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