Economics20805 marksNumerical: national income calculationExpenditure approach to GDP calculation
From the following data, calculate the national income. | Particulars | Rs. in million | |---|---| | Gross fixed capital formation | 300 | | Private final consumption expenditure | 900 | | Net Export | -50 | | Subsidies | 50 | | Government final consumption expenditure | 150 | | Indirect taxes | 250
From the following data, calculate the national income.
| Particulars | Rs. in million |
|---|---|
| Gross fixed capital formation | 300 |
| Private final consumption expenditure | 900 |
| Net Export | -50 |
| Subsidies | 50 |
| Government final consumption expenditure | 150 |
| Indirect taxes | 250 |
| Change in stock | 50 |
| Consumption of fixed capital | 50 |
| Net factor income from abroad | 50 |
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Particular Value ------ Gross fixed capital formation (GFCF) 300 Private final consumption expenditure (PFCE) 900 Net Export (X - M) -50 Subsidies 50 Government final consumption expenditure (GFCE) 150 Indirect taxes 250 Change in stock 50 Consumption of fixed capital (Depreciation) 50 Net factor...