Calculate National Income from the following data: | ||
(Rs. in crores) | ||
(i) | Private final consumption expenditure | 900 |
(ii) | Profit | 100 |
(iii) | Government final consumption expenditure | 400 |
(iv) | Net indirect taxes | 100 |
(v) | Gross domestic capital formation | 250 |
(vi) | Change in stock | 50 |
(vii) | Net factor income from abroad | (-) 40 |
(viii) | Consumption of fixed capita | 20 |
(ix) | Net imports | 30 |
Answer:
National Income = Private final consumption expenditure + Government final consumption expenditure + Gross domestic capital formation+ Net factor income from abroad - Consumption of fixed capital - Net imports - Net indirect taxes = (i) + (iii) + (v) + (vii) + (viii) + (ix) + (iv) \[=900+400+250+(-40)-20-30-100\]= Rs 1,360 Crores
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