From the following data, calculate GNP at MP by (i) income method, and (ii) expenditure method.
|
(र in crores) |
||||
|
Set I |
Set II |
Set III |
||
|
(i) |
Mixed income of self-employed |
400 |
300 |
500 |
|
(ii) |
Compensation of employees |
500 |
400 |
600 |
|
(iii) |
Private consumption expenditure |
900 |
700 |
1,100 |
|
(iv) |
Net factor income from abroad |
-20 |
-10 |
-15 |
|
(v) |
Net indirect taxes |
100 |
60 |
150 |
|
(vi) |
Consumption of fixed capital |
120 |
100 |
115 |
|
(vii) |
Net domestic capital formation |
280 |
120 |
375 |
|
(viii) |
Net exports |
-30 |
-10 |
-25 |
|
(ix) |
Brofits |
350 |
250 |
450 |
|
(x) |
Rent |
100 |
80 |
200 |
|
(xi) |
Interest |
150 |
70 |
250 |
|
(xii) |
Government final consumption expenditure |
450 |
350 |
700 |
Income method
GNP at MP (Set I) = 400 + 500 - 20 + 100 + 120 + 350 + 100 + 150
= 1,700 crores
(Set II) = 300 + 400 - 10 + 60 + 100 + 250 + 80 + 70
= 1,250 crores
(Set III) = 500 + 600 - 15 + 150 + 115 + 450 + 200 + 250
= 2,250 crores
Expenditure method
GNP at MP (Set I) - 900 - 20 + 120 + 280 - 30 + 450
= 1,700 crores
(Set II) = 700 - 10 + 100 + 120 - 10 + 350
= 1,250 crores
(Set III) = 1,100 - 15 + 115 + 375 - 25 + 700
= 2,250 crores
