From the following data, calculate GDP at FC by (a) Expenditure method, and (b) Income method.
|
(र in crores) |
||
|
(i) |
Personal consumption expenditure |
700 |
|
(ii) |
Wages and salaries |
700 |
|
(iii) |
Employee's contribution to S.S. Schemes |
100 |
|
(iv) |
Gross business fixed investment |
60 |
|
(v) |
Profits |
100 |
|
(vi) |
Gross residential construction investment |
60 |
|
(vii) |
Government purchase of goods and services |
200 |
|
(viii) |
Gross public investment |
40 |
|
(ix) |
Rent |
50 |
|
(x) |
Inventory investment |
20 |
|
(xi) |
Exports |
40 |
|
(xii) |
Interest |
50 |
|
(xiii) |
Imports |
20 |
|
(xiv) |
Net factor income from abroad |
- 10 |
|
(xv) |
Mixed income |
100 |
|
(xvi) |
Depreciation |
20 |
|
(xvii) |
Subsidies |
10 |
|
(xviii) |
Indirect taxes |
20 |
(a) GDP at FC (Expendiure method)
= 700 + (60 + 60 + 40 + 20) + 200 + (40 - 20) + (10 - 20)
= 1090 crores
(b) GDP at FC (Income method)
= 700 + 100 + 50 + 50 + 100 + 20 = 1020 crores
