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National Income Accounting

Question
CBSEENEC12013306

From the following data, calculate (a) GDP at FC, and (b) Factor income to abroad.
   

(र in 1000 crore)

(i)

Compensation of employees

800

(ii)

Profits

200

(iii)

Dividends

50

(iv)

GNP at MP

1400

(v)

Rent

150

(vi)

Interest

100

(vii)

Gross domestic capital formation

300

(viii)

Not fixed capital formation

200

(ix)

Change in stock

50

(x)

Factor income from abroad

60

(xi)

Net indirect taxes

120

 

 

Solution

(a) GDP at FC = NDP at FC + Depreciation
     = (800 + 200 + 150 + 100) + (300 - 200 - 50)
     = 1300 crore
(b) Net factor income from abroad = GNP at MP - GDP at MP
     = 1400 - (1300 + 120) = - 20
Factor income to abroad = Factor income from abroad - Net factor income from abroad
= 60 - (- 20)
= 80 crore.