Question

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Answer 1

Answer:

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Explanation:

14. From the following data calculate national income by

(a) Income method and (b) Expenditure method.

(Rs. In cores)

2,000

400

(i) Private final consumption expenditure

(ii) Net capital formation

(iii) Change in stock

(iv) Compensation of employees

(v) Rent

50

1,900

200

150

720

(vi) Interest

(vii) operating surplus

400

(vili) Net indirect tax

100

(x) Employers' contribution to social security schemes

(xi) Net exports

20

(-)20

(xii) Net factor income from aboard