Question

OR
(a) From the following data, find the value of 'Operating Surplus'.
(in crores)
2,400
(i) Wages and Salaries
500
(ii) Profit
200
(111) Net Factor Income from Abroad
4,200
(iv) National Income
400
(v) Mixed Income of Self-Employeds
1,100
(vi) Gross Domestic Capital Formation
2,000
(vii) Private Final Consumption Expenditure
150
(viii) Net Indirect Taxes
(ix) Operating Surplus
(x) Government Final Consumption Expenditure
1,000
(xi) Net Exports
(xii) Consumption of Fixed Capital
100​

Answer 1

Operating Surplus amounts to 1,200 Cr

Explanation:

a.

Computing the operating surplus as:

Operating Surplus = National Income - Wages and Salaries - Mixed income of Self- Employed - Net Factor Income from Abroad

where

National Income amounts to 4,200

Wages and Salaries amounts to 2,400

Mixed income of Self- Employed amounts to 400

Net Factor Income from Abroad amounts to 200

So, putting the values above:

Operating Surplus = 4,200 - 2,400 - 400 - 200

Operating Surplus = 1,200