Calculate GNP at FC from the following data by (a) income method, and (b) expenditure method.
|
(र in crores) |
||
|
(i) |
Wages and salaries |
800 |
|
(ii) |
Mixed income of self-employed |
160 |
|
(iii) |
Operating surplus |
600 |
|
(iv) |
Undistributed profit |
150 |
|
(v) |
Gross capital formation |
330 |
|
(vi) |
Change in stocks |
25 |
|
(vii) |
Net. capital formation |
300 |
|
(viii) |
Employers contribution to social security schemes |
100 |
|
(ix) |
Net factor income from abroad |
(-) 20 |
|
(x) |
Exports |
30 |
|
(xi) |
Imports |
60 |
|
(xii) |
Private final consumption expenditure |
1,000 |
|
(xiii) |
Government final consumption expenditure |
450 |
|
(xiv) |
Net indirect taxes |
60 |
|
(xv) |
Compensation of employees paid by the government |
75 |
(a) GNP at FC (Income method)
= (i) + (ii) + (iii) + (viii) + (ix) + Depreciation (v - vii)
= 800 + 160 + 600 + 100 + (-20) + 30 = 1670 crores
(b) GNP at FC (Expenditure method)
= (v) + (ix) + (x) - (xi) + (xii) + (xiii) - (xiv)
= 330 + (-20) + 30 - 60 + 1000 + 450 - 60 = 1670 crores
