Economy, asked by 10756lakshyasoni, 7 months ago

Q7. Given the following data, find the values of "Net Exports ?(6marks)
S. No
Particulars
(Rs. in crores)
1
Wages and Salaries

2400
2
National Income
4200
3
Net Exports
?
Net Factor Income from abroad
200
5
Gross domestic capital formation
1100
6
Private final consumption expenditure
2000
7
Net Indirect taxes
150
8
Operating surplus
?
9
Government final consumption expenditure
1000
10
Profits
500
11
Mixed income of self-employed
12
Consumption of fixed capital

Answers

Answered by msjayasuriya4

Answer:

From the following data, calculate National Income by Income method and Expenditure method:

Item Rs. in crores

(i) Compensation of employees 700

(ii) Government final consumption expenditure 750

(iii) Net factor income from abroad (-) 10

(iv) Net exports (-) 15

(v) Profits 600

(vi) Net indirect taxes 60

(vii) Mixed income of self-employed 350

(viii) Rent 200

(ix) Interest 310

(x) Private final consumption expenditure 1100

(xi) Net domestic capital formation 385

(xii) Consumption of fixed capital 65

Study later

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.

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