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National Income Accounting

Question
CBSEENEC12013258

Calculate national income from the following:

   

(र in crores)

(i)

Mixed income of self-employed

200

(ii)

Old age pension

20

(iii)

Dividends

100

(iv)

Operating surplus

900

(v)

Wages and salaries

500

(vi)

Profits

400

(vii)

Employer's contribution to S.S. schemes

50

(viii)

Net factor income from abroad

(-) 10

(ix)

Consumption of fixed capital

50

(x)

Net indirect taxes

50

 

Solution

Domestic income = 200 + 900 + 500 + 50 = 1,650
National income = 1,650 + (- 10) = 1,640 crores