National Income and Related Aggregates (CBSE Class-12 Economics): Questions 23 - 25 of 68

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Question number: 23

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2009

Essay Question▾

Describe in Detail

Calculate “gross national product at factor cost” from the following data by

(I) Income method, and (ii) Expenditure method.

Calculate gross national product at factor cost

Calculate gross national product at factor cost in detail.

-

( Rs. In crores)

Private final consumption expenditure

1000

Net domestic capital formation

200

Profits

400

Compensation of employees

800

Rent

250

Government final consumption expenditure

500

Consumption of fixed capital

60

Interest

150

Net current transfers from rest of the world

(-) 80

Net factor income from abroad

(-) 10

Net exports

(-) 20

Net indirect taxes

80

Explanation

(I) Income method

Gross national product at factor cost =

Profits + Compensation of employees + Rent + Interest + Net factor income from abroad

= 400 + 800 + 250 + 150 + 60 + (-10)

= Rs. 1650 crore

(ii) Expenditure method

Gross national product at factor cost… (53 more words) …

Question number: 24

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

Appeared in Year: 2006

Essay Question▾

Describe in Detail

calculate national income.

calculate national income by income method and expenditure method

-

Rs. (in Crores)

Private final consumption expenditure

2000

Net capital formation

400

Change in stock

50

Compensation of employees

1900

Rent

200

Interest

150

Operating surplus

720

Net indirect tax

400

Employers’ contribution to social security schemes

100

Net Exports

20

Net factor income from abroad

(-20)

Government final consumption expenditure

600

Consumption of fixed capital

100

Explanation

(A) Income method

National income = Operating surplus + Compensation of employees + Net factor income from abroad

= 720 + 1900 + (-20)

= Rs. 2600 crores

Expenditure Method = Private final consumption expenditure + Net capital formation + Government final consumption expenditure + Net exports - Net indirect… (23 more words) …

Question number: 25

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Calculate Net National Product at Factor Cost and Gross National Disposable Income from the following

Calculate Net National Product at Factor Cost and Gross National Disposable Income

Calculate Net National Product at Factor Cost and Gross National Disposable Income in detail.

-

( Rs. in crore)

Saving of non-departmental enterprises

50

Income from property and entrepreneurship accruing

to the government administrative departments

70

Personal tax

90

National debt interest

20

Retained earnings of private corporate sector

10

Current transfer payments by government

40

Consumption of fixed capital

60

Corporation tax

30

Net indirect-tax

80

Net current transfers from rest of the world

(-) 10

Personal disposable income

1000

Explanation

ncome accruing to private sector = Personal disposable income + Personal tax + Retained earnings of private corporate sector + Corporation tax + National debt interest + Current transfer payments by government + Net current transfers from rest of the world

= 1000 + 90 + 10 + 30 -… (74 more words) …

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