Question

in crores
70,150
5,200
800
3,100
6. Calculate (a) Domestic Income; (b) National Income.
Particulars
(i) GDP at MP
(ii) Indirect Taxes
(iii) Factor income from abroad
(iv) Consumption of Fixed Capital
(v) Factor income to abroad
(vi) Subsidies
300
4,000
(a) 65,850 Crores (b) 66,350 Crores​

Answer 1

Explanation:

a) Domestic Income or NDP at FC = GDP at MP - Consumption of Fixed Capital - Indirect Taxes +Subsidies

= 70150 - 3100 - 5200 + 4000 = 65850

( b) National Income or NNP at FC = NDP at FC - Factor income to abroad + Factor income from abroad