Calculate (a) 'Net Domestic Product at Factor Cost'from the following: | ||
(Rs. crores) | ||
(i) | Domestic product accruing to government | 300 |
(ii) | Wages and salaries | 1,000 |
(iii) | Net current transfers to abroad | (-) 20 |
(iv) | Rent | 100 |
(v) | Interest paid by the production units | 130 |
(vi) | National debt interest | 30 |
(vii) | Corporation tax | 50 |
(viii) | Current transfers by government | 40 |
(ix) | Contribution to social security schemes by employees | 200 |
(x) | Dividends | 100 |
(xi) | Undistributed profits | 20 |
(xii) | Net factor income to abroad | 0 |
Answer:
(a)\[ND{{P}_{FC}}\] = wages & salary + contribution to social seunit of scheme + Rent + Interest + corporation tax + Dividend + Undistributed profit.
= Wages and salaries + Rent + Interest paid by production units + Corporation tax + Contribution to social security schemes by employers + Dividends + Undistributed profits
= (ii) + (iv) + (v) + (vii) + (ix) + (x) + (xi)
\[=1,000+100+130+50+200+100+20\]
= Rs. 1,600 crores
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