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From the following data, calculate (a) C...

From the following data, calculate (a) Closing Stock, (b) National Income, (c ) Government Final Consumption Expenditure

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The correct Answer is:
Rs. 5080 Crores
Rs. 1420 Crores
(a) Calculation of 'Closing Stock'
Gross Domestic Capital Formation =(ii)+{Closing Stock-(vi)}+(viii)
Closing Stock =Gross Domestic Capital Formation -(ii)+(vi)-(viii)
=2800-2100+100-550=Rs. 250 Crores
(b) Calculation of National Income
National Income=(iv)-(v)
=5230-150= Rs. 5080 Crores
(c ) Calculation of Government Final Consumption Expenditure (GFCE)
National Income=(i)+GFCE+(vii)-(viii)+(ix)-(iii)-(v)
GFCE=National Income -(i)+GFCE+(vii)+(ix)-(iii)-(v)
GFCE=National Income -(i)-(vii)+(viii)-(ix)+(iii)+(v)
=5080-900-2800+550-700+40+150= Rs. 1420 Crores
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