Question

Q1 Calculate the National Income' with expenditure method and Income Method?
Items
( crore rs)
Rent
200
Net factor income to abroad.
10
National debt interest.
10
Wages and salaries.
700
Current transfers from government.
10
Undistributed profits.
20
Corporate tax
30
Interest
150
100
Social security contributions by employers.
Net domestic product accruing to government.
250
Net current transfers to rest of the world.
5
Dividend.
50​

Answer 1

Explanation:

National income (income method) = Compensation of employees + Profits + Rent + Interest + Mixed income of self employed - Net factor income to abroad = 700 + 600 + 200 + 310 + 350 - 10 = 2150 crores

National income (expenditure method) = Govt. final consumption expenditure+Net domestic capital formation+Net exports+Private final consumption expenditure-Net indirect taxes-Net factor income to abroad=750 + 385 - 15 + 1100 - 60 - 10 = 2150 crores.

Answer 2

Answer:

National income (income method) = Compensation of employees + Profits + Rent + Interest + Mixed income of self employed - Net factor income to abroad = 700 + 600 + 200 + 310 + 350 - 10 = 2150 crores

National income (expenditure method) = Govt. final consumption expenditure+Net domestic capital formation+Net exports+Private final consumption expenditure-Net indirect taxes-Net factor income to abroad=750 + 385 - 15 + 1100 - 60 - 10 = 2150 crores.

Explanation:

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