1.

Calculate Operating Surplus from the following data:Items (₹ in crore)(i) Rent 120(ii) Profit 200(iii) Domestic income 800 (iv) Mixed income 70 (v) Wages and salaries 350(vi) Indirect tax 150 (vii) Subsidies 50(viii) Depreciation 200[Ans. Operating surplus = ₹380 crore]Please solve this question urgent please help class 12 macroeconomics chapter-3

Answer»

Answer:

NDPfc = COMPENSATION of employees + Operating Surplus + Mixed Income

{NDPfc is also known as Domestic income}

[ Compensation of employees = Wages and salaries in cash+ wages and salaries in kind + employer's CONTRIBUTION to social security schemes]

[ Operating surplus= rent and royalty+ interest + profit]

To calculate operating surplus :

800= 350+ x + 70

( x being operating surplus)

x = 800 - 420

hence , x = operating surplus = 380

Explanation:

NOTE : We will not calculate operating surplus just by adding the above mentioned rent and profit . This is so because here in this particular question we are provided with sufficient INFORMATION regarding domestic income . And so the domestic income will differ ( to the given information in the above question which is  Rs 800) if we just do the addition of rent and profit.


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