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Calculate national income and GDPMP by the income method using the following information:ItemsRs in Crore(i) Private final consumption expenditure1300(ii) Net factor income earned from abroad50(iii) Mixed-income of self-employed500(iv) Subsidies100(v) Indirect tax200(vi) Consumption of fixed capital1000(vii) Operating surplus5000(viii) Compensation of employees1500 |
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Answer» National Income (NNPFC) = Compensation of Employees + Operating Surplus + Mixed-Income + NFIA So, NNPFC = viii + vii + iii + ii = 1500 + 5000 + 500 + 50 = 7050 GDPMP = NNPFC + Depreciation – NFIA + NIT (Net indirect tax) 8100 = 7050 + 1000 – 50 + 100 NNPFC = Rs 7050 GDPMP = Rs 8100. |
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