# National Income and Related Aggregates (CBSE (Central Board of Secondary Education- Board Exam) 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.

 - ( 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

 - 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

 - ( 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 -

… (79 more words) …

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