From the following data, calculate “National income” by (a) Income Method and (b) Expenditure Method Interest ₹ 150
Solution:- Calculation of National Income by Income Method NDP at FC = Compensation of Employees + Mixed Income + Rent + Interest + Profits NDP at FC = ₹ 1000 + ₹ 0 + ₹ 250 + ₹ 150 +…