InterviewSolution
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InterviewSolution
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(a) Define GNP at MP. (b) Calculate National Income by Income and Expenditure methods. Items(Rs. in crores)(i) Rent 1,500(ii) Net factor income from abroad 50(iii) Wages and salaries25,000(iv) Indirect tax 1,000(v) Government final consumption expenditure11,200(vi) Subsidies 300(vii) Royalty 200(viii) Net exports(−)200(ix) Interest 6,400(x) Corporate tax 200(xi) Profit after tax 4,000(xii) Households final consumption expenditure26,000(xii) Change in stock 100(xiv) Net domestic fixed capital formation 600(xv) Final consumption expenditure of private non-profit institutions serving households 300 OR Which of the following will be included in national income? (a) Renovation of a residential building (b) Repair and maintenance of residential building (c) Interest on car loan by a household |
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Answer» (a) Define GNP at MP. (b) Calculate National Income by Income and Expenditure methods. Items(Rs. in crores)(i) Rent 1,500(ii) Net factor income from abroad 50(iii) Wages and salaries25,000(iv) Indirect tax 1,000(v) Government final consumption expenditure11,200(vi) Subsidies 300(vii) Royalty 200(viii) Net exports(−)200(ix) Interest 6,400(x) Corporate tax 200(xi) Profit after tax 4,000(xii) Households final consumption expenditure26,000(xii) Change in stock 100(xiv) Net domestic fixed capital formation 600(xv) Final consumption expenditure of private non-profit institutions serving households 300 OR Which of the following will be included in national income? (a) Renovation of a residential building (b) Repair and maintenance of residential building (c) Interest on car loan by a household |
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