Calculate national income by (a) expenditure method, and (b) by production method from the following data:
(र in crore) |
||
(i) |
Gross value added at MP by primary sector |
300 |
(ii) |
Private final consumption expenditure |
750 |
(iii) |
Consumption of fixed capital |
150 |
(iv) |
Net indirect taxes |
120 |
(v) |
Gross value added at MP by secondary sector |
200 |
(vi) |
Net domestic fixed capital formation |
220 |
(vii) |
Change in stocks |
(-) 20 |
(viii) |
Gross value added at MP by tertiary sector |
700 |
(ix) |
Net imports |
50 |
(x) |
Government final consumption expenditure |
150 |
(xi) |
Net factor income from abroad |
20 |
(a) NNP at FC (Income method) = 300 + 200 + 700 - 150 -120 + 20 = 950 crore
(b) NNP at FC (Expenditure method) = 750 + 220 + 150 + 20 - 120 - 20 - 50 = 950 crore