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Calculate operating surplus from the following data: (i) Royalty (ii) Rent (iii) Interest (iv) Gross domestic product at factor cost (v) Profit (₹ in crore) 5, 75, 30, 400, 45 - Economics

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Question

Calculate operating surplus from the following data:

  (₹ in crore)
(i) Royalty 5
(ii) Rent 75
(iii) Interest 30
(iv) Gross domestic product at factor cost 400
(v) Profit 45
Numerical
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Solution

To estimate the Operating Surplus, we include:

Included items (₹ in crore):

Royalty = ₹ 5

Rent = ₹ 75

Interest = ₹ 30

Profit = ₹ 45

Excluded item:

Gross Domestic Product at Factor Cost (₹ 400 crore)

Formula for operating surplus:

Operating surplus = Rent + Interest + Royalty + Profit

= 5 + 75 + 30 + 45

= ₹ 155 crore

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Chapter 20: Methods of Measuring National Income - NUMERICAL PROBLEMS [Page 412]

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Frank Economics [English] Class 12 ISC
Chapter 20 Methods of Measuring National Income
NUMERICAL PROBLEMS | Q 5. | Page 412
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