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
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
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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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Answer:
yes upper answer is right