a.) From the following data, calculate national income by income method Items (Units of m) Compensation of employees 800 Mixed income of self-employed 900 Net factor income from abroad - 50 Rent 350 Profit 600 Consumption of fixed capital 200 Net indirect taxes 250 Interest 450 Operating Surplus 1400 b.) From the following data, calculate national income by expenditure method. Items (000) Compensation of employees 1,200 Net factor income from - 20 Net indirect taxes 120 Profit 800 Private final consumption expenditure 2,000 Net domestic capital formation 770 Consumption of fixed capital 130 Rent 400 Interest 620 Mixed income of self-employed 700 Net exports - 30 Govt. final consumption expenditure 1,100 Operating surplus 1820 Employer’s contribution to social security Scheme 300
a.) From the following data, calculate national income by income method Items (Units of m) Compensation of employees 800 Mixed income of self-employed 900 Net factor income from abroad - 50 Rent 350 Profit 600 Consumption of fixed capital 200 Net indirect taxes 250 Interest 450 Operating Surplus 1400 b.) From the following data, calculate national income by expenditure method. Items (000) Compensation of employees 1,200 Net factor income from - 20 Net indirect taxes 120 Profit 800 Private final consumption expenditure 2,000 Net domestic capital formation 770 Consumption of fixed capital 130 Rent 400 Interest 620 Mixed income of self-employed 700 Net exports - 30 Govt. final consumption expenditure 1,100 Operating surplus 1820 Employer’s contribution to social security Scheme 300
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
- a.) From the following data, calculate
national income by income method
Items (Units of m)
- Compensation of employees 800
- Mixed income of self-employed 900
- Net factor income from abroad - 50
- Rent 350
- Profit 600
- Consumption of fixed capital 200
- Net indirect taxes 250
- Interest 450
- Operating Surplus 1400
b.) From the following data, calculate national income by expenditure method.
Items (000)
- Compensation of employees 1,200
- Net factor income from - 20
- Net indirect taxes 120
- Profit 800
- Private final consumption expenditure 2,000
- Net domestic capital formation 770
- Consumption of fixed capital 130
- Rent 400
- Interest 620
- Mixed income of self-employed 700
- Net exports - 30
- Govt. final consumption expenditure 1,100
- Operating surplus 1820
- Employer’s contribution to social security Scheme 300
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