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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 |
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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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संबंधित प्रश्न
Explain non-monetary exchanges as a limitation of using the gross domestic product as an index of the welfare of a country
“Income method” is also known as ______.
Explain the steps involved in calculating the National income by Income method.
From the following data, calculate Personal Income and Personal Disposable Income.
| Rs (crore) | ||
| (a) | Net Domestic Product at factor cost | 8,000 |
| (b) | Net Factor Income from abroad | 200 |
| (c) | Undisbursed Profit | 1,000 |
| (d) | Corporate Tax | 500 |
| (e) | Interest Received by Households | 1,500 |
| (f) | Interest Paid by Households | 1,200 |
| (g) | Transfer Income | 300 |
| (h) | Personal Tax | 500 |
Identify the correctly matched pair of items in Column A to those in Column B:
| Column A | Column B |
| 1. Income Tax | (a) Forced Transfer |
| 2. Services of Housewives | (b) Market Activities |
| 3. Retirement Pension | (c) Taxable for Firm |
| 4. Annual value of goods and services produced. | (d) Income method |
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. Find the net export balance at equilibrium income
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. What happens to equilibrium income and the net export balance when the government purchases increase from 40 to 50?
In the above question 15, if exports change to X = 100, find the change in equilibrium income
______ is the part of Profit.
Assertion (A): Profits of chemical industries increased 150%; fishermen income reduced by 70% due to untreated chemical pollutants in water bodies. This is a negative externality.
Reason (R): The profits of chemical industries is causing pollution which is harming the water and inturn leading the fishermen to catch less fish as the biodiversity of the water body is disturbed.
Distinguish between Factor Cost and Market Price.
Find the odd word out:
Transfer payments:
With reference to the diagram shown above, select the reason for the movement from point M to N from the following options.
