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National Income Accounting

Question
CBSEENEC12013299
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 From the following data, calculate NNP at FC by (a) income method, and (b) expenditure method.  

   

(र in crores)

(i)

Current transfers from rest of world

100

(ii)

Government final consumption expenditure

1,000

(iii)

Wages and salaries

3,800

(iv)

Dividend

500

(v)

Rent

200

(vi)

Interest

150

(vii)

Net domestic capital formation

500

(viii)

Profits

800

(ix)

Employer's contribution to S.S. schemes

200

(x)

Net exports

-50

(xi)

Net factor income from abroad

-30

(xii)

Consumption of fixed capital

40

(xiii)

Private final consumption expenditure

4,000

(xiv)

Net indirect tax

300

Solution

(a) NNP at FC (Income method)
= (3,800 + 200) + (150 + 800 + 200) + (-30) = 5,120 crores
(b) NNP at FC (Expenditure method)
= 1,000 + 500 + 4,000 - 50 - 30 - 300 = 5,120 crores

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