Calculate national income and gross domestic product at factor cost fr

1.	Calculate national income and gross domestic product at factor cost from the following data:Rs. (in Crores)(i) Wages and Salaries120(ii) Rent60(iii) Interest25(iv) Dividend15(v) Undistributed50(vi) Corporation tax30(vii) Mixed income20(viii) Net factor income earned from abroad10(ix) Depreciation5
Answer» GDP = Wages and Salaries + Rent Paid + Interest Paid + Dividend Paid = 120 + 60 + 25 + 15 = 240 National Income = GDP – Depreciation + Net Factor Income + Mixed-Income + Undistributed Profits – Corporation Tax = 240 – 5 + 10 + 20 – 30 = 225

Calculate national income and gross domestic product at factor cost from the following data:Rs. (in Crores)(i) Wages and Salaries120(ii) Rent60(iii) Interest25(iv) Dividend15(v) Undistributed50(vi) Corporation tax30(vii) Mixed income20(viii) Net factor income earned from abroad10(ix) Depreciation5

Answer»

GDP = Wages and Salaries + Rent Paid + Interest Paid + Dividend Paid

= 120 + 60 + 25 + 15

= 240

National Income = GDP – Depreciation + Net Factor Income + Mixed-Income + Undistributed Profits – Corporation Tax

= 240 – 5 + 10 + 20 – 30

= 225