1.

Calculate gross domestic product at factor cost and factor income to abroad: (1) Compensation of employees800(2) Profits200(3) Dividends50(4) GNP at MP1400(5) Rent150(6) Interest100(7) Gross domestic capital formation300(8) Net fixed capital formation200(9) Change in stock50(10) Factor income from abroad60(11) NIT120 OR Which of the following will be included in national income? (a) Production of services for self-consumption (b) Vegetables grown in the kitchen garden (c) Imputed value of owner-occupied house (d) Stock of raw material left last year

Answer»

Calculate gross domestic product at factor cost and factor income to abroad:

(1) Compensation of employees800(2) Profits200(3) Dividends50(4) GNP at MP1400(5) Rent150(6) Interest100(7) Gross domestic capital formation300(8) Net fixed capital formation200(9) Change in stock50(10) Factor income from abroad60(11) NIT120

OR

Which of the following will be included in national income?


(a) Production of services for self-consumption

(b) Vegetables grown in the kitchen garden

(c) Imputed value of owner-occupied house

(d) Stock of raw material left last year



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