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National Income Accounting

Question
CBSEENEC12013260

From the following data calculate GNP at MP via the income method.

   

(र in crores)

(i)

Wages and salaries

700

(ii)

Rent

100

(iii)

Depreciation

50

(iv)

Net factor income from abroad

- 10

(v)

Mixed income

400

(vi)

Subsidies

100

(vii)

Profits

400

(viii)

Indirect taxes

300

(ix)

Employers contribution to S.S. Schemes

50

(x)

Interest

40

 

Solution

NDPFC = 700 + 100 + 400 + 400 + 50 + 40 = 1,690
GDPMP = 1,690 + 50 - 100 + 300 = 1,940
GNPMP = 1,940 + (- 10) = 1,930 crores