Question

The following information is available for the economy. On the basis of this information calculate National Income using income method. 3 Items (Rs. In Crores) (i) Wages 10,000 (ii) Rent 5,000 (iii) Consumption of fixed capital 1,000 (iv) Interest 400 (v) Dividend 3,000 (vi) Mixed Income 400 (vii) Undistributed profit 200 (viii) Social security contribution 400 (ix) Corporate Profit tax 400 (x) Net factor income from abroad 1,000 ​

Answer 1

Answer:

I don't know please leave me

Answer 2

National Income : 20800 (in crores)

Explanation:

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

             = [Wages + Social Security Contribution] + [Rent + Interest] + [Dividend  

                 + Undistributed Profit + Corporate Profit Tax] + Mixed Income

              = 10,000 + 400 + 5000 + 400 + 3000 + 200 + 400 + 400

              = 19800

National Income = $NDP_{FC}$ + Net factor income from abroad

                            = 19800 + 1000

                            = 20800 (in crores)