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Calculate National Income from the Following Data - Economics

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Calculate National Income from the following data:

S.No. Particulars 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 capital 20
(ix) Net imports 30
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Solution

NNPFC = Private Final Consumption Expenditure + Government Final Consumption Expenditure − Net Imports + Gross Domestic Capital Formation − Consumption of Fixed Capital − NIT + NFIA

            = 900 + 400 − 30 + 250 − 20 − 100 + (−40)

            = Rs 1,360 crore

(Note: Change in stock is not considered as it is a part of the gross domestic capital formation)

Concept: Concept of National Income
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