From the following data calculate National Income by :
(i) Income method (ii) Expenditure method

Explanation

1. Natonal income `(N NP_(FC))` by Income method
`NDP_(FC)=COE+OS+MI`
`=COE+("Rent + Interest + Profit")+MI`
`=1200+(400+620+800)+700`
`=1200+1820+700=3720`
`N NP_(FC)=NDP_(FC)+NFIA`
`=3720+(-20)= Rs 3700` crore
2. National Income by Expenditure method
`GDP_(MP)=PFCE+GFCE+GDCF+`Net exports
`=PFCE+GFCE+(NDCF+CFC)+` Net exports
`=2000+1100+(770+130)+(-30)`
`=2000+1100+900-30`
`= Rs 3970` crore
National Income
`N NP_(FC)=GDP_(MP)-"Dep."+NFIA-NIT`
`=3970-130+(-20)-120`
`=3970-130-20-120=3970-270`
`= Rs 3700` crore