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Calculate National Income using Income method and Output method. - Economics

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प्रश्न

Calculate National Income using Income method and Output method.

  PARTICULARS (₹ crores)
(i) Value of output 1200
(ii) Wages and salaries 165
(iii) Rent 60
(iv) Subsidies 15
(v) Mixed Income of self employed 180
(vi) Employer's contribution to social security 15
(vii) Value of intermediate consumption 600
(viii) Interest 7
(ix) Factor income earned from abroad 15
(x) Indirect taxes 90
(xi) Profits 23
(xii) Depreciation 75
(xiii) Factor income paid abroad 30
संख्यात्मक
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उत्तर

Income Method:

NDPFC Compensation to employees + Operating Surplus + Mixed Income

= (165 + 15) + (60 + 7 + 23) + 180

= 450

NNFFC = NDPFC + NFIA

= 450 + (−15)

= 435 crores

Output method:

GVA = GDPMP

= Value of output − Value of Intermediate Consumption

= 1,200 − 600

= 600 crores

NNPFC = GDPMP − Depreciation + NFIA − NIT

= 600 − 75 + (−15) − (90 − 15)

= 435 crores

The National Income calculated using the Income method is ₹ 435 crores, while the Output method is also ₹ 435 crores.

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