1.

From the following data calculate National Income by output method and Income method :Item(₹ in crores)(i)  Value of output (ii)  Value of intermediate consumption 2500(iii)  Subsidies1300(iv)  Rent40(v)  Employer's contribution to social security110(vi)  Profit30(vii)  Wages and salaries340(viii)  Interest10(ix)  Mixed income of self-employed360(x)  Indirect tax180(xi)  NFIA(-)30(xii)  Consumption of fixed capital160

Answer»

GDPMP = Value of output – Int. consumption

= 2500 – 1300

= 1200

NNPFC = GDP – Depreciation + NFIA – NDOT

= 1200 – 160 – (-30) – (180 - 40)

= 1200 – 160 + 30 – 180 + 40 NI

= National Income = 930 Cr.



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