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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 |
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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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