Question

Question: Calculate Rent
GDPMP:18,000
Mixed income of self employed:7,000
Subsidies:250
Interest:800
Rent:?
Profit:975
COE:6,000
Consumption of fixed capital:1,000
Indirect tax:2,000

Please answer this question as soon as possible and answer correctly​

Answer 1

Answer:

check the attachment please I don't know answer is right/wrong

Answer 2

Answer:

The rent is $475.$

Explanation:

Rent, salary, interest, and profits received by the self-employed professional are integrated factor payments that are indistinguishable and constitute mixed-income for the self-employed.

$GDP_{MP} = NDP_{FC}$ + Consumption of fixed capital + NIT

  $18000$     $= NDP_{FC}$ +  $1000$ + ( Indirect tax - Subsidies )

  $18000$     $= NDP_{FC}$ +  $1000$ + $1750$

$\implies$ $NDP_{FC}=15250$

$NDP_{FC}$  =  Compensation of Employees + Operating Surplus +

                  Mixed Income of Self-Employed

$NDP_{FC}$  =  Compensation of Employees + Rent + Interest + Profits +                  

                   Mixed Income of Self-Employed

$15250=6000+Rent + 800+975+7000$

$15250 =$  Rent + $14775$

Rent   =   $15250-14775$

          =    $475$

#SPJ2