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Calculate the national income by (a) inc...

Calculate the national income by (a) income, and (b) expenditure methods.
(i) Wages and slaeries 500
(ii) Government final consumption expendture 120
(iii) Royality 20
(iv) Intrest 40
(v) Households final consumption expendture 600
(vi) Change in stocks 10
(vii) Indirect tax 100
(viii) Rent 50
(ix) Final consumption expendture of private non-profit institutions serving households 30.
(x) Net domestic fixed capital formation 60
(xi) Profit after tax 100
(xii) Corporate tax 20
(xiii) Net exports (-)20
(xiv) Subsidies 30
(xv) Net factor income from abroad (-)5

Text Solution

Verified by Experts

N.I.=i+(viii+iii)+iv+(xi+xii)+xv
`=500+(50+20)+40+(100+20)+(-5)`
`=500+70+40+120-5`
=rs 725 crore.
(b) N.I. =(v+ix)+ii+(x+vi)+xiii-vii+xiv+xv
`=(600+30)+120+(60+10)+(-20)-100+30+(-5)`
`=630+120+70-20-100+30-5`
=725 crore.
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