Question

If net factor income to abroad is -120crore, factor income from abroad is Rs.150 crore and domestic income is Rs.4500 crore, find out national income *​

Answer 1

Answer:

Explanation:

Factor Income to abroad= NDP at MP + Depreciation + Factor income from abroad - GNP at FC - Indirect Taxes + Subsidies

                                           = 3700 + 480 + 400 - 4280 - 100 +80

                                            = 280.

Answer 2

Answer:

The national income will be Rs. 4650 crore

Explanation:

National Income or NNP at FC is the Gross Domestic Product or GDP of a country. In Economics, National Income is calculated through three methods which are as follows -

1. Income method
2. Expenditure method
3. Value-added method

Here in the question,

Given - Domestic Income = NDP at FC = Rs. 4500 crore,

Net factor income from Abroad = 150

To Find - National Income = NNP at FC

Formula -

National Income = NNP at FC = NDP at FC + Net factor income from Abroad

⇒ NNP at FC = 4500 + 150

⇒ NNP at FC = Rs. 4650 crore

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