Home
Class 12
ECONOMICS
Calculate national income...

Calculate national income

Text Solution

Verified by Experts

1. `GDP_(MP)=PFCE+GFCE+GDCF+`Net exports
`=PFCE+GFCE+(NDCF+"Consumption of fixed capital")-`Net imports
`=250+60+(40+20)-10= Rs 360` crore
2. `N NP_(FC)` (National income)`=GDP_(MP)-"Dep."+NFIA-NIT`
`=360-20+(-5)-15`
`=360-20-5-15= Rs 320` crore
Doubtnut Promotions Banner Mobile Dark
|

Topper's Solved these Questions

  • MEASUREMENT OF NATIONAL INCOME : METHODS OF CALCULATING NATIONAL INCOME

    RADHA BHUGANA|Exercise ILLUSTRATION|4 Videos

  • MEASUREMENT OF NATIONAL INCOME : METHODS OF CALCULATING NATIONAL INCOME

    RADHA BHUGANA|Exercise Let Us Recapitulate|22 Videos

  • INTRODUCTION- MACROECONOMICS

    RADHA BHUGANA|Exercise guidelines to NCERT questions|2 Videos

  • MONEY

    RADHA BHUGANA|Exercise Guidelines To NCRT Questions|2 Videos

Similar Questions

Explore conceptually related problems

AN econimy is in equilibrium ,Calculate national income from the following :(set 1) {:( "Autonomous consumption ",=,100),("Marginal propensity to save",=,0.2),("investment Expenditure ",=,200):} An economy is in equilibrium , find ' autonomous consumption ' from following (set 2) : {:("National income ",=,1","000),( "Marginal propensity to consume ",=,0.8),("investment expenditure",=,100):} An economy is in equilibrium . find marginal propensity to consume from the from the following : {:("National income ",=,2","000),( "Marginal propensity to consume ",=,400),("investment expenditure",=,200):}

Discuss the various steps of expenditure method for calculating national income.

Knowledge Check

  • Which one of the following items is excluded in calculating national income ?

    A
    Services of a rental TV set
    B
    Rupees 10,000 won in a lottery
    C
    Imputed value of owner occupied house
    D
    Salery of a house maid

  • Piyush's mother is a teacher. She also teaches Piyush. How would you treat this while calculating national income and domestic income ?

    A
    It will be included in the national income, but not in the domestic income.
    B
    It will be included in the domestic income, but not in the national income.
    C
    It will be included in domestic income as well as national income.
    D
    It will neither be included in the domestic income nor in the national income.

  • The organisation is responsible for calculating National Income is

    A
    CSO
    B
    NSSO
    C
    RBI
    D
    SBI

    • Similar Questions

    Explore conceptually related problems

    Calculate the national income, f domestic income is Rs. 30,000 and the NFIA is Rs3000.

    Calculate net national income at factor cost from the following data using product methode and income method :

    Explain the following (i) Why are exports added while calculating GDP through the expenditure approach ? (ii) Why are subsidies added while calculating national income ? (iii) Why are intermediate cost deducted for arriving at GDP through the production approach ?

    An economy is in equlibrium. Calculate the national Income from the following : Autonomous Consumption =120 Marginal Propensity to Save = 0.2 Investment Expenditure = 150

    The organisation is responsible for calculating National Income is

    Home
    Profile