Question

National Income
0.5.
Q.3... From the following data, calculate GNP at MP by Income and Expenditure
method:
( in crores)
(i)
Mixed income of self-employees
400
Compensation of employees
500
Private final consumption expenditure
900
(iv)
Net factor income from abroad
(-) 20
(v)
Net indirect taxes
(vi) Consumption of fixed capital
(vii) Net domestic capital formation
(viii) Net exports
(ix) Profits
350
Rent
100
(xi) Interest
150
(xii) Government final consumption expenditure
450
(Ans.: 1,700 crores)
(ECO) B.Ed.
1​

Answer 1

Explanation:

GNP at MP = Mixed income + Compensation + NFIA + Consumption of fixed capital + Profit + Rent + Interest

= 400 + 500 - 20 + 270 + 300 + 100 + 150

= 1700