National Income Accounting

Chapter – 1: Determination of National Income

Unit 1: National Income Accounting:
A) Multiple Choice Questions:
1. National Income accounting is pioneered by Nobel prize winning economists:
a) Prof Richard Stone c) Prof Simon Kuznets
b) Prof Samuelson d) Both a & c
2. “NI is the sum total of factor incomes generated by the normal residents of a country in the
form of wages, rent, interest & profit in an accounting year”; stated by:
a) NSSO b) CSO c) NCAER d) Both a & b
3. _____ depends to a considerable extent on the magnitude & distribution of NI, size of PCI
over time:
a) Economic growth c) Economic welfare
b) Economic development d) Both b & c
4. ______ provides a comprehensive conceptual & accounting framework for compiling &
reporting macroeconomic statistics for analysing & evaluating the performance of an
economy:
a) NSSO b) CSO c) SNA d) Both a & b
5. On____ side there are two widely reported measures, GDP & GNP
a) Product b) Income c) Expenditure d) Both a & b
6. Value of output in domestic territory deducted by value of intermediate consumption
implies:
a) GNPmp b) GDPmp c) GDPfc d) Both a & b
7. The value of flour used in making bread would not be included while bread is counted as
flour is:
a) Costly b) Final goods c) Consumable goods d) Intermediate goods
8. National income is a ____ measure of output per time:
a) Stock b) Flow c) Both a & b d) None
9. _____ accounts provide a comprehensive, conceptual & framework for analysing &
evaluating short run performance of economy:
a) Aggregate demand b) Aggregate supply c) National Income d) None
10. The _____ ______ of National Income determines pattern of demand for goods & services
& enables businesses to forecast future demand:
a) Supply pattern c) Welfare pattern
b) Demand pattern d) Distribution pattern
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11. Combined with____ & _____ data, national income data provide a guide to make policies
for growth & inflation
a) Financial, Monetary c) Empirical, Statistical
b) Fiscal, Tax d) None
12. GNP mp Price is deducted by _______ to get NNPmp
a) Net Indirect Tax b) Subsidies c) Depreciation d) None
13. GNP mp is deducted by _________ to get GDP mp:
a) Net Indirect Tax b) Subsidies c) Depreciation d) None
14. GNP mp is deducted by _________ to get GNP fc
a) Net Indirect Tax b) Subsidies c) Depreciation d) None
15. NNP mp is deducted by _________ to get NDP mp:
a) Net Indirect Tax b) Subsidies c) Depreciation d) NFIA
16. NNPmp is deducted by _________ to get Net National Product at factor price.
a) Net Indirect Tax b) Subsidies c) Depreciation d) None
17. GDPmp is deducted by _________to get GDP fc
a) Net Indirect Tax b) Subsidies c) Depreciation d) None
18. GNP fc is deducted by ___ to get NNPfc:
a) Net Indirect Tax b) Subsidies c) Depreciation d) None
19. Consumption of all goods and services in the economy during the planning period of an
accounting year is known as:
a) Aggregate demand c) Aggregate consumption
b) Aggregate supply d) None
20. The concept of ‘resident unit’ involved in the definition of GDP denotes:
a) A business enterprise which belongs to a citizen of India with production units solely
situated in India
b) The unit having predominant economic interest in the economic territory of the country
for one year or more irrespective of nationality or legal status
c) A citizen household which had been living in India during the accounting year and one
whose economic interests are solely in India
d) Households and business enterprises composed of citizens of India alone living in India.
21. Net Investment is equal to
a) Gross investment (+) Depreciation
b) Gross investment (-) Depreciation
c) Gross investment (x) Depreciation
d) Gross investment ÷ Depreciation
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22. Net capital formation causes

a) Increase in production capacity c) Increase in profits
b) Increase in depreciation d) Increase in cost
23. Read the following statements and answer the following
I. Intermediate consumption consists of the value of goods and services consumed as
inputs by a process of production
II. Intermediate consumption exclude fixed assets whose consumption is recorded as
consumption of fixed capital
a) Only I is true c) Only II is true
b) Both I and II are true d) Neither I nor II is true
24. Which of the following leads to depreciation?
a) Normal wear and tear c) Damages due to market crash
b) Damages due to floods d) None of these
25. GDP of any nation
a) Excludes capital consumption and intermediate consumption
b) Is inclusive of capital consumption or depreciation relevance
c) Is inclusive of indirect taxes but excludes subsidies
d) None
26. While computing GDP, intermediate goods
a) Are counted as part of final consumption
b) Are counted on a value added basis but excluded from gross output
c) Are not counted as it would involve double counting
d) Are treated as stock in trade and therefore included in computation
27. Market price of the final goods and services (including depreciation) produced within the
domestic territory of a country during an accounting year, is called
a) GDP at market price c) GDP at factor cost
b) GNP at market price d) GNP at factor cost
28. Which of the following is not correct:
a) NNPMP= GNP at market price + Depreciation
b) NDPMP=NNP at market price –NFIA
c) NDPFC=NDP at market price – Indirect taxes +Subsidies
d) GDPFC=NDPFC + Depreciation
29. Which of the following is an example of normal residents of India?
a) Foreign workers working in WHO located in India.
b) The German working as director in IMF located in India.
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c) Ambassador in India from ROW

d) Ambassador of India in ROW
30. Read the following statements
I. ‘Value added’ refer to the difference between value of output and purchase of
intermediate goods
II. ‘Value added’ represents the contribution of labour and capital to the production process
a) Statement I and II are incorrect
b) Statement I and II are correct
c) Statement I is correct and II is incorrect
d) Statement II is correct and I is incorrect
31. Non-economic activities are
a) Those activities whose value is excluded from national income calculation as it will
involve double counting.
b) Those which produce goods and services but since these are not exchanged in a market
transaction, they do not command any market value
c) Those which do not involve production of goods and services as they are meant to
produce hobbies and leisure time activities.
d) Those which result in production for self-consumption and therefore not included in NI
calculation.
32. Which of the following does not enter into the calculation of NI?
a) Exchange of previously produced goods c) Exchange of stock and bonds
b) Exchange of secondhand goods d) All
33. Which of the following enters calculation if NI?
a) The value of the services that accompany the sale
b) Additions to inventory stocks of final goods and materials
c) Stocks and bonds sold during the current year
d) Both a and b
34. GNPMP is
a) GDPMP + Net factor income from abroad c) GDPMP – Depreciation
b) GDPMP – Net factor income from abroad d) GDPMP + Net indirect taxes
35. Choose the correct statement:
a) GNP includes earnings of Indian corporations overseas and Indian residents working
overseas; but GDP does not include these
b) NNPFC = National income = FID (factor income earned in domestic territory) –NFIA
c) Capital goods and inventory investment are excluded from computation of GDP
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d) NDPMP = GDPMP + Depreciation

36. The basis of distinction between market price and factor cost
a) Net Factor Income from abroad
b) Net indirect taxes (i.e., indirect tax –subsidies)
c) Net indirect taxes (i.e., indirect taxes + subsidies)
d) Depreciation (consumption of fixed capital)
37. Which of the following is an example of transfer payments?
a) Old age pensions and family pensions
b) Scholarships given to deserving diligent students
c) Compensation given for loss of property due to floods
d) All the above
38. When NFIA is negative:
a) GDPMP is lesser than GNPMP c) GDPMP=GNPMP
b) GNPMP is lesser than GDPMP d) None
39. Income received but not earned are:
a) Transfer payment c) Compensation of employees
b) Undistributed profit d) None
40. If Net factor income from abroad is positive, then
a) National income will be greater than domestic factor incomes
b) National income will be less than domestic factor incomes
c) Net exports will be negative
d) Domestic factor incomes will be greater than national income
Nominal GDP
41. x100 = ?
Real GDP
a) Real GNP c) GDP Deflator
b) National Income d) Both a & c
Nominal GDP
42. x100 = ?
GDP Deflator
a) Real GNP b) National Income c) GDP Deflator d) Real GDP
GDP Deflator in year 2 – GDP Deflator in year 1
43. ×100
GDP Deflator in year 1

a) Inflation rate in year 1 c) Value change in year 2

b) Inflation rate in year 2 d) Both a & c
44. It is an index of prices which can be applied to the value estimates of the GDP over a time in
order to remove the effects of changes in price level:
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a) Real GDP b) Nominal GDP c) GDP Deflator d) All the above

45. Main purpose of GDP Deflator is to find out_____:
a) Price change b) Inflation rate c) Deflation rate d) All
46. If the GDP Deflator in 2021 increased to 240 from 171 in 2020, inflation rate in 2021
is______:
a) 35.56% b) 37.60% c) 39.80% d) 40.35%
47. Real GDP=450 & price index=120, Nominal GDP is____:
a) 500 b) 510 c) 520 d) 540
48. Personal income is equal to
a) Private income + Corporate profit tax – Undistributed profits
b) Private income – Corporate tax + Undistributed profits
c) Private income + Corporate tax + Undistributed profits
d) Private income – Corporate profit tax –Undistributed profits
49. Personal Disposable Income is
a) PI + Miscellaneous receipts of government administrative departments
b) PI + Direct personal tax –miscellaneous receipts of government administrative dept.
c) PI –Direct personal tax –miscellaneous receipts of government administrative dept.
d) Private income + Direct tax
50. Net National Disposable Income is:
a) NNPfc – Other net current transfers from ROW
b) NNPfc + Other net current transfers from ROW
c) NDPfc + Other net current transfers from ROW
d) None
51. Gross National Disposable Income is:
a) NNDI + CFC = GNI – Other net current transfers from ROW
b) NNDI + CFC = GNI + Other net current transfers from ROW
c) GNDI + CFC= NNDI - Other net current transfers from ROW
d) GNDI + CFC= NNDI + Other net current transfers from ROW
52. Income from domestic product accruing to private sector is:
a) NDPfc – Income from government expenditure + Saving of public sector undertakings.
b) NDPfc + Income from government expenditure + Saving of public sector undertakings.
c) NDPfc – Income from property & entrepreneurship accruing to government
departments – Saving of non- departmental enterprises
d) NDPfc + Income from property & entrepreneurship accruing to government
departments – Saving of non- departmental enterprises
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53. Factor income from NDP accruing to public sector is equal to

a) Income from property and enterprise of the government going to departmental
enterprises
b) Saving of non-departmental enterprises
c) Both a and b
d) None
54. Which of the following makes GDP an inappropriate index of welfare?
a) Non-monetary transactions
b) Externalities
c) Composition and distribution of GDP
d) All
55. Nominal GDP is
a) GDP at current prices c) Real GDP
b) GDP at constant prices d) Both a and c
56. Real GDP is
a) GDP at current prices c) GDP at any price
b) GDP at constant prices d) None
57. The GDP per capita is:
a) A measure of countries economic output per person
b) Actual current income receipts of persons
c) National income by population
d) a and c above
58. Mixed Income of the self-employed means
a) Net profits received by self-employed people
b) Outside wages received by self-employed people
c) Combined factor payments which are not distinguishable
d) Wages due to non-economic activities
59. Demand for final consumption arises in
a) Household sector only c) Both a and b
b) Govt. sector only d) Neither a nor b
60. GDP per capita is a completely inadequate measure of welfare because
a) It reflects only incomes accrued not earned.
b) It does not reflect distribution of income among people.
c) It is usually low in under-developed countries.
d) Net factor income from abroad is not included in it.
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61. Income from entrepreneurship like rent, interest are known as:
a) Mixed income c) Operating surplus
b) Compensation of employees d) All
62. Income received but not earned
a) Transfer payments
b) Undistributed profit
c) Contribution of employer to social security
d) Both b and c
63. Income earned but not received:
a) Transfer payments
b) Undistributed profit
c) Contribution of employer to social security
d) Both b and c
64. Production phase, distribution phase and disposition phase are the examples of:
a) Production method c) Circular flow of income
b) Expenditure method d) None
65. Increase in price of commodities due to increase in taxes assumes relevance in the
estimation of NNPMP because
a) Taxes are compulsory payments
b) Taxes are transfer payments
c) Taxes are paid out of income of the households
d) Taxes cause a rise in market price of the commodities which otherwise would have been
sold at a lower price
66. Own account production of services is not included in NI because:
a) Services are different from goods
b) Services are not productive
c) It is difficult to measure market value of such services
d) None
67. Operating surplus is:
a) Rent + profit+ interest
b) Rent +interest +compensation of employees
c) NDPFC –compensation of employees –mixed income of self employed
d) Both a and c
68. Which of the following is irrelevant in the estimation of compensation of employees?
a) Free accommodation provided to the school principals
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b) Free education of students whose parents are working in schools

c) Wages and salaries in cash
d) Old age pensions
69. ______ in January 2015 decided that sector wise estimates of GVA will now be given at
basic prices instead of factor cost:
a) NSSO b) SNA c) NAS d) CSO
70. Relative contribution of factor owners shows phase of _____ Method:
a) Income b) Production c) Expenditure d) None
71. (Sales + Change in stock) - Intermediate consumption shows:
a) NVA mp b) GVA mp c) GNP mp d) NNP mp
72. (Corporate taxes + Dividend + Retained earnings) shows:
a) Total Revenue b) Total Loss c) Total tax d) Total profit
73. Validity of GDP measures is questionable as it does not give reflection towards:
a) Proper distribution to all sectors c) non-market production
b) Quality improvements d) All of the above
74. “While preparing state income estimates, railways, communications, banking, insurance &
central administration which cut across state boundaries, economic contribution cannot be
assigned to any one state directly”: known as:
a) Regional Sectors of economy c) SNA
b) Supra-Regional sectors of economy d) None
75. Value of goods & services within domestic territory= `6000; total capital stock= `10,000;
CCA rate is 20%, NPIA = `1000; NNPmp___:
a) 4000 b) 4500 c) 5000 d) None

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B) Short Answer type questions (Mark 1)

1) Define GDPMP
2) What do you understand by final goods
3) Distinguish between intermediate goods and final goods
4) Distinguish between non-economic activities and economic activities
5) Distinguish between nominal GDP and real GDP
6) Draw the basis of distinction between GDP current and constant prices
7) What do you understand by factor cost?
8) Differentiate between taxes on production and factor cost
9) Define mixed income of self-employed
10) What are the basic components of personal disposable income?
11) What is the principal difference between private income and public income?
12) When is GDP of an economy equal to its GNP?
13) Define Per Capita Income?
14) How does personal income differ from disposable income?
15) How is self-consumed treated as National Income Accounting?

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C) Application Oriented Questions:

1. Find out NDPFC
S. No. Items ` (in Crores)
1 GNPMP 58350
2 INDIRECT TAXES 2590
3 Subsidies 1540
4 Depreciation 1625
5 NFIA -240

2. Find out NNPFC, GDPMP

S. No. Items ` (in Crores)
1 GNPMP 10000
2 Depreciation 200
3 Indirect taxes 300
4 Subsidies 250
5 NFIA 150

3. Calculate GDPFC
S. No. Items ` (in Crores)
1 GNPMP 8000
2 Net Indirect Taxes 100
3 NFIA 80

4. Calculate GNPMP
S. No. Items ` (in Crores)
1 NDPFC 7000
2 NFIA 200
3 Net indirect taxes 250
4 CCA 150

5. Calculate NNPMP
S. No. Items ` (in Crores)
1 Value of goods and services 4280
2 Depreciation 480
3 NFIA 120

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4 Indirect taxes 100

5 Subsidies 80

6. NDPMP =2400/-, the capital stock of the economy is worth `4000. It depreciates @10%.
Indirect taxes amount `120 and subsidies amount `30. Factor income from ROW is `400
to ROW ` 600. Find out GNPFC.
7. Calculate GDP Deflator & comment on level of prices in comparison with the base year:
Nominal GDP in 2020: `600 crores
Real GDP in 2020: `840 crores
8. Find out Nominal GDP:
Real GDP: 850
Price Index: 220
9. Find out Real GDP from the following data:
a) GDP for 2020 : `1200
b) Price index of base year 2020 : 100
c) Nominal GDP increases in 2021 to : `2600
d) Price Index rises in 2021 to : 120
10. Find out GDP Deflator for current year & base year:
a) Nominal GDP for 2020 : `800 crores
b) Real GDP for 2020 : `500 crores
c) Base year is 2019 & current year is 2020.
11. Calculate value-added amount.
S. No. Items ` (in Crores)
1 Sales 600
2 Purchase of raw material 200
3 Import of raw materials 100
4 Import of machines 200
5 Closing stock 40
6 Opening stock 10

12. Calculate gross value-added at factor cost

S. No. Items ` (in Crores)
1 Sales 350
2 Opening stock 30

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3 Closing stock 20
4 Purchase of machinery 150
5 Purchase of intermediate goods 170
6 Subsidy 40
7 CCA 35

13. Calculate value-added at factor cost

S. No. Items ` (in Crores)
1 Domestic sales 2000
2 Purchase of raw materials 560
3 Subsidies 40
4 Exports 500
5 Depreciation 100
6 Import of raw materials 60
7 Change in stock 200
8 Net indirect taxes 60

14. Calculate NI by Value Added Method:

S. No. Description ` (in Crores)
1 Sales 700
2 Opening stock 500
3 Intermediate consumption 350
4 Closing stock 400
5 NFIA 30
6 Depreciation 150
7 Excise tax 110
8 Subsidies 50

15. Calculate Net Value Added at factor cost:

S. No. Description ` (in Crores)
1 Purchase of raw material 85
2 Sales 450
3 Intermediate consumption 200
4 Closing stock 30
5 Opening stock 40

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6 Depreciation 30
7 Excise tax 45
8 Subsidies 15

16. Calculate NI by production method:

S. No. Description ` (in Crores)
1 Value of output in primary sector 2000
2 Value of output in secondary sector 2800
3 Value of output in tertiary sector 1600
4 Net factor income from abroad (-)30
5 Intermediate consumption in Primary sector 200
6 Intermediate consumption in Secondary sector 800
7 Intermediate consumption in Tertiary sector 600
8 Depreciation 470
9 Net Indirect Tax 300

17. Calculate a.) Gross value added at market price b) NI from following data
S. No. Items ` (in Crores)
1 Value of output:
a. Primary sector 800
b. Secondary sector 200
c. Tertiary sector 300
2 Value of intermediate input:
a. Primary sector 400
b. Secondary sector 100
c. Tertiary sector 50
3 Indirect taxes paid by all sectors 50
4 CCA for all sectors 80
5 Factor income received by the residents from ROW 10
6 Factor income paid to non-residents 20
7 Subsidies received by all sectors 20

18. From the following data calculate the GNPmp using value added method:
(Inter November,2018)
ITEM ` in crores

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Value of output in secondary sector 1000

Intermediate consumption in Primary sector 300
Value of output in Tertiary 3000
Intermediate consumption in Secondary sector 400
NFIA (-) 100
Value of output in primary sector 800
Intermediate consumption in Tertiary sector 900

19. Compute the amount of depreciation from the following data:

(Inter November,2020, held on 7th Dec,20)
S. No. Description ` (in Crores)
1 GDP at market price (GDPMP) 8,76,532
2 Net factor income from abroad (-) 232
3 Aggregate amount of indirect tax 564
4 Subsidies 30
5 National Income (NNPFC) 8,46,576

20. Calculate GNP at market price by using Value Added Method

(Inter, Nov,2020 held on 7th Feb,21)
1 Government Transfer Payments 1800 crores
2 Value of output in primary sector 1500 crores
3 Value of output in secondary sector 2700 crores
4 Value of output in tertiary sector 2100 crores
5 Net factor income from abroad (-)60 crores
6 Intermediate consumption in Primary sector 750 crores
7 Intermediate consumption in Secondary sector 1200 crores
8 Intermediate consumption in Tertiary sector 900 crores

21. Find out GDPmp & Mixed Income from followings:

(Inter, Nov,2020 held on 7th Feb,21)
S. No. Description ` (in Crores)
1 Compensation of employees 810
2 NDP at factor cost 1450
3 Rent, Interest & Profit 453
4 Subsidies 18

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5 Depreciation 26
6 Indirect Tax 57
7 NFIA (-) 17

22. Compute the amount of Subsidies from the following data:

(Marks-3) Inter November (2019)
a) GDP at market price (in crores) 7,79,567
b) Indirect Taxes (in crores) 4,54,367
c) GDP at factor cost (in crores) 3,60,815

23. Compute NNP at factor cost or national income from the following data using income
method. (Marks-3) Inter November (2019)
S. No. Description ` (in Crores)
1 Compensation of Employees 3000
2 Mixed income of self Employed 1050
3 Indirect Taxes 480
4 Subsidies 630
5 Depreciation 428
6 Rent 1020
7 Interest 2010
8 Profit 980
9 NFIA 370

24. Calculate Operating Surplus:

S. No. Description ` (in Crores)
1 Compensation of employees 800
2 Sales 4000
3 Intermediate consumption 600
4 Rent 400
5 Interest 300
6 Depreciation 200
7 Net Indirect Tax 500
8 Mixed Income 400

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25. Calculate a) GDPfc b) GDPmp

S. No. Description ` (in Crores)

1 GNPfc 61,500
2 Net Exports (-) 50

3 Compensation of employees 3000

4 Rent 800
5 Interest 900
6 Profit 1300

7 Net Indirect tax 300

8 Net domestic capital formation 800
9 Gross domestic capital formation 900
10 Factor Income from abroad 80

26. Find out NNfc by Income method & Expenditure method:

S. No. Description ` (in Crores)
1 Compensation of employees 1200
2 NFIA 20
3 Net Indirect tax 120
4 Profit 800
5 Private final expenditure 2000
6 Net domestic capital formation 770
7 CCA 130
8 Rent 400
9 Interest 620
10 Mixed income of self employed 700
11 Net Export 30
12 Govt final consumption expenditure 1100
13 Operating surplus 1820
14 Employers’ contribution to social security 300

27. Find out NNPFC by Income and Expenditure method

S. No. Items ` (in Crores)
1 Govt. final consumption expenditure 350

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2 private final consumption expenditure 650

3 export earning 100
4 import payment 150
5 net domestic capital formation 250
6 wages and salaries 800
7 operating surplus 200
8 NFIA -50
9 net indirect taxes 100
10 Mixed Income 100

28. Find GDPMP & GNPMP using income method. Show that it is the same as that obtained by
expenditure method.
Personal consumption 7314
Depreciation 800
Wages 6508
Indirect business taxes 1000
Interest 1060
Domestic investment 1482
Government expenditures 2196
Rental income 34
Corporate profits 682
Exports 1346
NFIA 40
mixed income 806
imports 1448

29. Find out private income & personal income from the following data:
S. No. Description ` (in Crores)
1 Net National Product at market price 1891
2 Income from property & entrepreneurship accruing to govt sector 45
3 Indirect tax 175
4 Subsidies 30
5 Saving of non-departmental enterprises 10
6 Interest on National Debt 15
7 Current transfers from government 35

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8 Current transfers from ROW 20

9 Saving of private corporate sector 25
10 Corporate profit tax 25

30. Calculate NNPmp & Disposable personal income:

S. No. Description ` (in Crores)
1 Net Domestic Product at factor cost 14900
2 Income from property & entrepreneurship accruing to govt sector 150
3 Interest on National Debt 170
4 Transfer payment by government 60
5 Net private donation from abroad 30
6 Net factor income from abroad 80
7 Indirect taxes 335
8 Direct taxes 100
9 Subsidies 262
10 Taxes on corporate profits 222
11 Undistributed profit of corporate 105

31. Calculate the Gross National Product at Market Price from the following data using Value
Added method. (5 marks) (Nov:2020 held on 7thJan, 21)
S. No. Items ` (in Crores)
1 Govt. Transfer Payments 1800
2 Value of output in primary sector 1500
3 Value of output in secondary sector 2700
4 Value of output in tertiary sector 2100
5 Net factor income from abroad -(60)
6 Intermediate consumption in primary sector 750
7 Intermediate consumption in secondary sector 1200
8 Intermediate consumption in tertiary sector 900

32. Compute GDP at market price and Mixed Income of Self Employed from the data given
below. (3 marks) (Nov:2020 held on 7thJan, 21)
S. No. Items ` (in Crores)
1 Compensation of employees 810
2 Depreciation 26

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3 Rent, Interest, Profit 453

4 NDP at factor cost 1450
5 Subsidies 18
6 Net factor income from abroad -(17)
7 Indirect taxes 57

33. The Nominal GDP and Real GDP of a country in the financial year 2018-19 were 1,500 crore
and 1,200 crores respectively, you are required to calculate:
I. GDP deflator in the financial year 2018-19 and comment.
II. Inflation rate in the financial year 2019-20 assuming GDP deflator rate in this year is 140
as compared to the year 2018-19. (December 2021)

34. Following information relating to particular year is given below:

Particulars ` (in Crores)
Sales 3500
Intermediate Consumption 400
Closing Stock 300
Opening Stock 200
Net Indirect tax 600
Mixed Income 200
Consumption of Fixed Capital 400
Compensation of employees 400

Compute: (May 2022)

I. GVAMP
II. NDPMP
III. Operating Surplus

35. Calculate NNPfc by Expenditure method: (May 2023)

Items ` in Crores
1. Private Final Consumption 12
2. Net Import 19
3. Public Final Consumption 06
4. Gross domestic Fixed Capital formation 360
5. Depreciation 35
6. Subsidy 120

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7. Income paid to Abroad 17

8. Change in stock 40
9. Net acquisition of Valuables 15

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