Calculate National Income Private Final Consumption Expenditure ₹ 2,000 Government Final Consumption Expenditure ₹ 700

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Anurag Pathak30.42K November 10, 2023 0 Comments

Calculate National Income

Particulars	₹ in Crores
(i) Private Final Consumption Expenditure	2,000
(ii) Government Final Consumption Expenditure	700
(iii) Gross Domestic Capital Formation	200
(iv) Net Exports	300
(v) Net Factor income from abroad	400
(vi) Consumption of fixed Capital	200
(vii) Net indirect tax	50

Ans: National Income – ₹ 3,350 Crores

score 0 · Answer 1 · 2023-11-10T11:09:38+00:00

Solution:-

GDP at MP = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports

GDP at MP = ₹ 2,000 + ₹ 700 + ₹ 200 + ₹ 300

GDP at MP = ₹ 3,200

National Income (NNP at FC) = GDP at MP – Consumption of fixed Capital + Net Factor income from abroad – Net indirect tax

National Income (NNP at FC) = ₹ 3,200 – ₹ 200 + ₹ 400 – ₹ 50

National Income (NNP at FC) = ₹ 3,350 Crores