Miscellaneous Practicals

21 Calculate National Income by Income and Expenditure method.

Particulars in crores
() Compensation of employees 1,200
(-) 20
(i) Net factor income from abroad
120
(iii) Net indirect tax
800
(iv) Profits
2,000
(V Private finalconsumption expenditure
770
(vi) Net domestic capital formation
130
(vi) Consumption of fixed capital
400
(vi) Rent
620
(ix) Interest
700
(x) Mixed income of self employed
()30
(xi) Net exports
1,100
(xi) Government final consumption expenditure
National Incomes= 3,700 crores
method and (b) expenditure method:
32. From the following data, calculate "national income" by (a) income (CBSE, A! India2009}
Zin crores
Particulars
150
(0) Interest
250
(ii) Rent
600
(ii) Government finalconsumption expenditure 1200
(iv) Private finalconsumption expenditure 640
(v) Profits 1000
(vi) Compensation of employees 30
(vii) Net factor income to abroad 60
(viii) Net indirect taxes (-)40
(ix) Net exports 50
(x) Consumption of fixed capital 340
(xi) Net domestic capital formation 2,010crores
(a)2,010crores; (b)
4.118 Introductory Macroeconomics
33. Calculate National Income by Income and Expenditure method.
Particulars in crores
() Compensation of employees 600
(i) Government final consumption expenditure 550
(üi) Net factor income from abroad (-)10
(iv) Net exports ()15
(v) Profit
400
(vi) Net indirect tax 60
(vii) Mixed income of self employed 350
(vii) Rent 200
(ix) Interest 310
(x) Private final consunmption expenditure 1,000
(xi) Net domestic capital formation 385
(xii) Consumption of fixed capital 65

National Income =71,850 crores

34. Calculate National Income by income method and expenditure method.
Particulars Tin crores
(i) Government final consumption expenditure 100
(ii) Interest, rent and profits 920
(ii) Gross Capital formation 620
(iv) Net exports ()10
(v) Change in stock 100
(vi) Net Factor income from abroad (-) 10
(vii) Subsidies 20
(vii) Private Final Consumption expenditure 800
(ix) Indirect tax 120
() Consumption of fixed Capital 60
(xi) Mixed income of the self employed 60
(xii) Compensationof employees 370
National Income=,340 crores
35. Calculate National Income by Income and Expenditure method.
Particulars in crores
7.351
(i) Government final consumption expenditure
8,834
(ii) Indirect tax
13,248
(ii) Gross fixed capital formation 28,267
employed
(iv) Mixed income of the self 1,120
(v) Subsidies 3,170

(vi) Change in stock

Chapter4 Measurement of National Income 4.119

(vii) Rent, interest and profits 9,637

(vii) Consumption of fixed capital 4,046

(ix) Private Final Consumption expenditure 51,177

(x) Imports of gods and services 5,674

(xi) Exports of goods and services 4,812

(xii) Net factor income from abroad (-) 255

Compensation of employees 24,420

(xi)
National Income =62,069 crores

36. Calculate National Income by Income and Expenditure method.

Particulars ?in crores
1,500
() Rent
50
(i) Net factor income from abroad
25,000
(ii) Wages and salaries
1,000
(iv) Indirect tax
11,200
(v) Government final consumption expenditure
300
(vi) Subsidies
200
(vii) Royalty
( 200
(vii) Net exports
6,400
(ix) Interest
200
(x) Corporate tax
4,000
(xi) Profit after tax
26,000
(xi) Households final consumption expenditure
100
(xii) Change in stock
600
(xiv) Net domestic fixed capital formation
institutions serving households 300
(xv) Final consumption expenditure of private non-profit
National Income = 37,350 crores
Hiture method
Chapter4 S Measurement of National Income
4.121
Calculate GNP at MP by Income and Expenditure method.
40. Ca
Particulars
7incrores
() Net exports 15
Private final consumption expenditure 600
i) Consumption of fixed capital 30
(iv) Operating surplus 190

(v) Net indirect taxes 105

(vi) Net factor income from abroad ()5

(vi) Wages and Salaries 520

(vi) Rent 60

(ix) Employers'contribution to social security schemes 100

(x) Government final consumption expenditure 200

(xi) Net capital formation 100

GNPat MP= 940 crores

41. Calculate GNP at MP by lncome and Expenditure method.

Particulars 1in crores
200
() Net capital formation
1,000
(i) Private final consumption expend
360
(Gi) Operating surplus
900
(iv) Wages and Salaries
50
(v) Employers' contribution to social security schemes
100
(vi) Rent
300
(vii) Government final consumption expenditure
50
(vii) Consumption of fixed capital 200
(ix) Net indirect taxes
(-) 10
(x) Net factor income from abroad
10
(xi) Net exports
GNP at MP= 1,550crores
athod and
Chapter 4 Measurement of National Income 4.109

3. Calculate net value added at factor cost from following data:

Particulars Zin crores
) Purchase of machinery to be used in the production unit 100

() Sales 200

(ii) Intermediate costs 90

(iv) Indirect taxes 12

10
(v) Change in stock
6
(vi) Goods and Services Tax
(vii) Stock of raw material
Net value added at factor cost = 108 Crores

4. Calculate NDPFc
Particulars Zin crores
1
(0) Subsidies
100
(ii) Sales
10
(ii) Closing stock
5
(iv) Indirect taxes
30
(v) Intermediate consumption
20
(vi) Opening stock
15
(vii) Consumption of fixed capital
NDP= 41crores
5. Calculate 'value of output' from the following data:
Particulars Zin lakhs
(0 Subsidy 10

(0) Internmediate consumption 150

(ii) Net addition to stocks (-)13
(iv) Depreciation 30
(v) Goods and Services Tax 20
(vi) Net value added at factor cost 250

Value of output = 440 lakhs

6. Calculatevalue of output and gross value added at market price
Particulars in crores

(0) Opening stock L,000

() Closing stock 800
(iii) Purchase of raw 200
materials
(iv) Sales 10,000
(v) Indirect taxes 250
(vi) Subsidies 50

9,800 crores Goss aue addedat MP 60COres

Value or output =