Economy, asked by tyagiritika51, 3 months ago

me by Income and expenditure method.
National income -
37. Calculate
Particulars
cores
(0) Government final consumption expenditure
in crores
50
150
(ii) Rent
(iii) Opening stock
(iv) Interest
(V) Profit
20
80
(vi) Private final consumption expenditure
70
(vii) Gross fixed capital formation
(xiv) Net factor income from abroad
(viii) Closing stock
(ix) Net exports
(x) Net indirect taxes
(xi) Compensation of employees
(xii) Consumption of fixed capital 1
(xiii) Mixed income of self employed
480
90
35
(-) 5
60
200
20
50
20
National Income = 570 and expenditure method

pls jldi answer bta do

Answers

Answered by krishnamurthybng2009

Answer:

Particulars ₹ in crores

(i) Government final consumption expenditure 7,351

(ii) Indirect tax 8,834

(iii) Gross fixed capital formation 13,248

(iv) Mixed income of the self employed 28,267

(v) Subsidies 1,120

(vi) Change in stock 3,170

(vii) Rent, interest and profits 9,637

(viii) Consumption of fixed capital 4,046

(ix) Private Final Consumption Expenditure 51,177

(x) Imports of goods and services 5,674

(xi) Exports of goods and services 4,812

(xii) Net factor income from abroad (-)255

(xiii) Compensation of employees 24,420

Medium

Solution

verified

Verified by Toppr

Using Expenditure Method,

GDP at MP = Private Final Consumption Expenditure + Gross Fixed Capital Formation + Change in stock + Government Final Consumption Expenditure + Net Exports (Exports - Imports)

= 51,177+13,248+3,170+7,351+(4,812−5,674)=74,084

NNP at FC = GDP at MP - Consumption of Fixed Capital + Net Factor Income From Abroad - (Indirect Tax - Subsidies)

= 74,084−4,046+(−255)−(8,834−1,120)

= 62,069 crores

Using Income Method,

NDP at FC = Compensation of Employees + Rent, Interest and Profits + Mixed Income of the Self Employed

= 24,420+9,637+28,267

= 62,324

NNP at FC = NDP at FC + Net Factor Income From Abroad

= 62,324+(−255)

= 62,069 crores

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