Question

(ii) Describe in detail the flow of national income by two sector model.
.Find out the net domestic product at factor cost and national income from the information given below:

(Items) (amount in crore)

Salaries and wages 12000

Mixed income 2500

Profits 4600

Rent 2700

Corporate taxes 600

Interest 1900

Net factor
income from abroad 3500​

Answer 1

Answer:

Find out the net domestic product at factor cost and national income from the information given below:

(Items) (amount in crore)

Salaries and wages 12000

Mixed income 2500

Profits 4600

Rent 2700

Corporate taxes 600

Interest 1900

Net factor

income from abroad 3500