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Calculate National Income by (i) Income Method, and (ii) Expenditure Method from the following data :(Items)(Rs. in crore)(i) Profit200(ii) Private Final Consumption Expenditure440(iii) Govt. Final Consumption Expenditure250(iv) Compensation of Employees350(v) Gross Domestic Capital Formation90(vi) Consumption of Fixed Capital20(vii) Net Exports(-)20(viii) Interest60(ix) Rent70(x) Net Factor Income to Abroad50(xi) Net Indirect Taxes60 |
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Answer» Income Method NNPFC= Profit + Compensation of Employees + Interest + Rent - Net Factor Income to Abroad = 200 + 350 + 50 + 70 - 50 = Rs. 630 crore. Expenditure Method NNPFC = Private Final Consumption Expenditure + Govt. Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports - Consumption of Fixed Capital - Net Factor Income to Abroad - Net Indirect Taxes = 440 + 250 + 90 + (-20) - 20 - (50) - 60 = 780 - 20 - 20 + 50 - 60 = 780 - 100 + 50 = 780 - 150 NNPFC=Rs.630 crore. |
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