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Calculate Net Domestic Product at Factor Cost by (a) Income Method, an (b) Production Method from the following data :(Items)(Rs. in crore)(i) Net value Added at market price by primary sector 1,000(ii) Wages and salaries2,000(iii) Social Securitl'Contribuiion by Employers100(iv) Net value added at market price by the secondary sector 600(v) Corporation Tax30(vi) Retained Earnings of Private Corporations10(vii) Net value added at market price by the tertiary sector1,400(viii) Dividend60(ix) Rent300(x) Interest300(xi) Net Indirect Tax200(xii) Social Security Contribution by Employees80 |
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Answer» (a) By Income Method Net Domestic Product at Factor Cost (NDPFC) = Wages and Salaries + Social Security Contribution by Employers + Corporation Tax + Retained Earning of Private Corporations + Dividend +Rent + Interest = 2,000+ 100 + 30 + 10 + 60 + 300 + 300 = Rs. 2,800 crore. |
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