Q1. From the following data calculate “National Income” by Income & expenditure method.

S.No. Parameters $(million)

i Interest 150
ii Rent 250
iii Government Final Consumption Expenditure 600
GFCE
iv Private Final Consumption Expenditure PFCE 1200
v Profits 640
vi Compensation of employees 1000
vii Net Income from Abroad NFIA 30
viii Net Indirect Tax NIT 60
ix Net Export (-) 40
x Depreciation 00
xi Net Domestic Capital Formation NDCF 340

(2) Calculate NDPFC at Factor Cost from the following:

S.No. Parameters $(million)
i Domestic product accruing to govt. 300
ii Wages & salaries 1000
iii Net current transfer to abroad (-) 20
iv Rent 100
v Interest paid by the production units 130
vi National Debt Interest 30
vii Corporate tax 50
viii Current transfer by govt. 40
ix Contribution to social security schemes by 200
employers
x Dividends 100
xi Undistributed profits 20
xii Net factor income to abroad 0

(3) Calculate National Income at factor cost

S.No. Parameters $(million)
i Net current transfer from rest of the world 30
ii Private final consumption expenditure 400
iii Net domestic capital formation 100
iv Change in stock 50
v Depreciation 20
vi Government final consumption expenditure 200
vii Net exports 40
viii Net indirect taxes 80
ix Net factor income paid to abroad 10
(4) Calculate NDPFC Factor Cost and GDPMP at Market Price
S.No. Parameters $(million)
i Compensation of employees 2000
ii Interest 500
iii Rent 700
iv Profit 800
v Employer’s contribution to social security 200
schemes
vi Dividends 300
vii Consumption of fixed capital 100
viii Net Indirect Tax 250
ix Net Export 70
x Net Factor Income to abroad 150
xi Mixed income of self-employee 1500

(5) Calculate GNP at Factor Cost from the following data by i) income method ii)
expenditure method
S.No. Parameters $(million)
i Private Final Consumption Expenditure PFCE 1000
ii Net Domestic Capital Formation NDCF 200
iii Profits 400
iv Compensation of employees 800
v Rent 250
vi Government Final Consumption Expenditure 500
GFCE
vii Consumption of fixed capital 60
viii Interest 150
ix Net current transfer from rest of the world (-) 80
x Net Foreign Income from Abroad NFIA (-)10
Xi Net Exports (-)20
xii Net Indirect Tax 80