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Question
On the basis of the given data, estimate the value of Domestic Income:
| S. No. | Items | Amount (₹ in crore) |
| i. | Household Consumption Expenditure | 600 |
| ii. | Gross Fixed Capital Formation | 200 |
| iii. | Change in stock | 40 |
| iv. | Government Final Consumption Expenditure | 200 |
| v. | Net Exports | (-)40 |
| vi. | Net Indirect Taxes | 120 |
| vii. | Net Factor Income From Abroad | 20 |
| viii. | Consumption of Fixed Capital | 40 |
Numerical
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Solution
Domestic Income (NDP at FC) = Household Consumption Expenditure + Government Final Consumption Expenditure + Gross Fixed Capital Formation + Change in stock + Net Exports – Consumption of Fixed Capital – Net Indirect Taxes
= 600 + 200 + 200 + 40 + (-40) – 40 – 120
= ₹ 840 crore
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Aggregates Related to National Income - Domestic Income
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