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National Income Accounting

Question
CBSEENEC12013259

Calculate national income from the following:
   

(र in crores)

(i)

Rent

80

(ii)

Interest

100

(iii)

Profits

210

(iv)

Tax on profits

30

(v)

Employees contribution to S.S. schemes

25

(vi)

Mixed income of self-employed

250

(vii)

Net indirect taxes

60

(viii)

Employer's contribution to S.S. schemes

50

(ix)

Compensation of employees

500

(x)

Net factor income from abroad

(-) 20

 

Solution

Domestic income = 80 + 100 + 210 + 250 + 500 = 1,140
National income = 1,140 + (- 20) = 1,120 crores