National Income related Aggregates

Formula of National Income


Practical Question of National Income


Particulars in crores

(i) GNP at MP 8,000

(ii) Depreciation 600

(iii) Net Factor Income from Abroad 300

(iv) Net Indirect taxes 700

Ans :- NDPfc = `  6,400 crores.


Particulars in crores


(i) NNP at FC 2,000

(ii) Depreciation 200

(iii) Subsidies 70

(iv) Factor Income from Abroad 110

(v) Indirect Taxes 180

(vi) Factor Income to Abroad 50

Ans :- GDPmp  = 2,250 crores.



Particulars in crores

(i) GNP at MP 6,000

(ii) Subsidies 200

(iii) Depreciation 100

(iv) Net Factor income from abroad 400

(v) Indirect tax 300

Ans. NDP at FC = `  5,400 crores


Particulars in crores

(i) GDP at MP 5,500

(ii) Consumption of Fixed Capital 300

(iii) Goods and Services Tax 120

(iv) Factor income from abroad 150

(v) Subsidies 70

(vi) Factor income to abroad 250

Ans. NNP at MP = `  5,050 crores


Particulars in crores

(i) NDP at MP 25,000

(ii) Depreciation 5,000

(iii) Subsidies 30

(iv) Factor income from abroad 400

(v) Factor income to the rest of the world 600

Ans. GNP at FC= ` 29,830 crores



Particulars in crores

(i) Domestic Income or NDP at FC 3,200

(ii) Depreciation 400

(iii) Indirect Taxes 70

(iv) Net Factor income to abroad 50

Ans. GNP at MP = `  3,620 crores


Numerical Illustrations

7. Find out Gross Domestic Product at Factor Cost Form the Following Data:0 CRORE

Items ₹ Crore

a. Compensation of Employee 320

b. Operating surplus 100

c. Mixed income of self-employed 260

d. Consumption of fixed capital 240

e. Net indirect taxes 20

GDPFC:-920 CRORE

8. Calculate the following:

Domestic factor income 

National income

Items ₹ crore

a. Compensation of employees 5000

b. Interest 500

c. Undistributed profits and dividends 600

d. Rent 800

e. Mixed income 3000

f. Net factor income from Abroad 1000

DFI:- 9900 CRORE

NATIONAL INCOME:- 10900 CRORE

9. Find out from the following data:

National income

Domestic factor income

Items ₹ crore

a. Profit 2500

b. Interest 1250

c. Rent 1155

d. Salary 1025

e. Mixed income 1675

f. Net factor income from abroad 2420

NATIONAL INCOME: - 10025 CRORE

DOMESTIC FACTOR INCOME: - 7605 CRORE

10. Calculating the following:

Domestic Factor income 

National income

Items ₹ Crore

a. Compensation of employee 90000

b. Interest 10000

c. In distributed profits and Dividends 2000

d. Rent 14000

e. Mixed income 25000

f. Net factor income from abroad 6000

DOEMSTIC INCOME: - 151000 

NATIONAL INCOME: - 167000


11. Find out by income method from the following data:

Gross Domestic Product at Market Prices

Net Domestic Product at Market Prices

Items ₹ Crore

a. Operating surplus 16775

b. Consumption of fixed capital 2186

c. Indirect Taxes 1000

d. Subsidies 540

e. Mixed income 16110

f. Wages and salary 25550

GROSS DOMESTIC PRODUCT AT MARKET PRICE: - 61081 CRORE

NET DOMESTIC PRODUCT AT MARKET PRICES: - 58895 CRORE

12. Calculate Gross National Product at Market price from the following data.

Items ₹ Crore

a. Gross Domestic Capital Formation 150

b. Government final consumption Expenditure 120

c. Private final Consumption Expenditure 400

d. Exports 40

e. Imports 20

f. Net factor income Accrued from Abroad -10

GROSS NATIONAL PRODUCT AT MARKET PRICE: - 680 CRORE

13. Find out form the following data:

National income

Gross Domestic Product at market Price

Items ₹ Crore

a. Govt. Final consumption Expenditure 1250

b. Gross fixed capital Formation 540

c. Cost of Deprecation 50

d. Net factor income from abroad -120

e. Private final consumption Expenditure 850

f. Increase in stock 125

g. Imports 650

h. Exports 520

i. Net indirect Tax 70

NATIONAL INCOME: - 2395 CRORE

GROSS DOMESTIC PRODUCT AT MARKET PRICE: - 2635 CRORE

14. Find out Gross National product at market price from the following data:

Items ₹ Crore

a. Closing stock 10

b. Consumption of fixed Capital 30

c. Gross Domestic capital Expenditure 120

d. Govt. Final consumption Expenditure 100

e. Opening stock 15

f. Private final consumption Expenditure 400

g. Exports 25

h. Net factor income received form aboard 10

i. Imports 35

GROSS NATIONAL PRODUCT AT MARKET PRICE: - 600 CRORE

15. Calculate gross domestic product at factor cost form the following data:

Items ₹ Crore

a. Private final consumption expenditure` 800

b. Net domestic capital formation 150

c. Change in stock 30

d. Net factor income from abroad -20

e. Net indirect tax 120

f. Government final consumption expenditure 450

g. Net exports -30

h. Consumption of fixed capital 50

GROSS DOMESTIC PRODUCT AT FACTOR COST: - 1300 CRORE

16. Calculate Gross national product at market price and net national product at factor cost form the following data:

ITEMS ₹ Crore

a. Net income from abroad -5

b. Net exports -7

c. Net indirect taxes 47

d. Net change in stock 13

e. Private final consumption Expenditure 265

f. Govt. final consumption Expenditure 50

g. Consumption of fixed capital 45

h. Gross domestic final formation 100

GROSS NATIONAL PRODUCT AT MARKET PRICE: - 403 CRORE

NET NATIONAL PRODUCT AT FACTOR COST: - 311 CRORE

17. Find the net value added at factor cost from the following data:

a. Sales 90000

b. Subsidies 2500

c. Indirect tax 7550

d. Final stock 5500

e. Consumption of fixed stock 3500

f. Opening stock 6500

g. Intermediate consumption 27550.

NET VALUE ADDED AT FACTOR COST: - 52900 CRORE

18. Suppose there are three firms in an economy. Firm a sells goods to firm b for ₹ 500 and imports for ₹280, Firm b sells goods to firm C for ₹ 860 and firm C sells goods to the consumer for ₹ 1150. Find out the gross value added by different firms.

GROSS VALUE ADDED BY DIFFERENT FIRMS: - 870 

19. Find out net value added at factor cost on the basis of following data of and enterprises.

₹ Crore

a. Sales 2150

b. Subsidies 250

c. Indirect tax 750

d. Final stock 1025

e. Consumptions of fixed capital 125

f. Initial stock 1200

g. Intermediate consumption 650

NET VALUE ADDED AT FACTOR COST: - 700 CRORE

20. Find out on the basis of the following data:

Value of output

Net value added at factor cost

₹ crore

a. Sales 39750

b. Subsidy 1427

c. Increase in stock 2150

d. Intermediate consumption 10000

e. Indirect tax 1750

f. Consumption of fixed capital 2550

VALUE OF OUTPUT: -41900 CRORE

NET VLAUE ADDED AT FACTOR COST: - 29027 CRORE

21. Find out on the basis of the following data.

Value of output

Net value added at factor cost

₹ crore

a. Sales 25250

b. Subsidy 1350

c. Increase in stock 2000

d. Intermediate consumption 10000

e. Indirect tax 1550

f. Consumption of fixed capital 3000

VALUE OF OUTPUT: - 27250CRORE

NET VALUE ADDED AT FACTOR COST: - 23880 C RORE

22. Find out on the basis of the following data;

Value of output

Net value added at factor cost

₹ Crore

a. Sales 27560

b. Subsidy 1550

c. Increase In stock 1690

d. Intermediate consumption 3575

e. Indirect tax 2000

f. Consumption of fixed capital 1345

VALUE OF OUTPUT: - 29250 CRORE

NET VALUE ADDED AT FACTOR COST: - 23880 CRORE

23. Find out net value added at factor cost from the following data:

₹ in crore

a. Sales 45000

b. Subsidies 3500

c. Indirect tax 9400

d. Closing stock 20500

e. Consumption of fixed capital 5400

f. Initial stock 25500

g. Intermediate consumption 15400

NET VALUE ADDED AT FACTOR COST: -13300 CRORE

24. Find out value added at factor cost from the following data

₹ in crore

a. Sales 47000

b. Subsidies 1560

c. Indirect tax 2100

d. Final stock 10000

e. Initial stock 7380

f. Intermediate consumption 12000

g. Depreciation 5000

NET VALUE ADDED AT FACTOR COST: - 32080 CRORE

25. Find out operating surplus from the following data:

₹ Crore

a. Interest 250

b. Royalty 150

c. Impute Rent 135

d. Dividend 210

e. undistributed profit 175

f. Contribution to social security 115

g. Salary 450

h. Dearness Allowance 120

OPERATING SURPLUS:- 920 CRORE


Practical Question of National Income



26. Calculate operating surplus from the following data.

a. Intermediate consumption 240

b. Value of output 800

c. Consumption of fixed capital 120

d. Indirect taxes 100

e. Subsidies 70

f. Compensation of employees 150

OPERATING SURPLUS: - 260 CRORE

27. Calculate operating surplus form the following data

₹ in lakh

a. Gross value of output at market price 3500

b. Net indirect taxes 600

c. Compassion of employees 285

d. Mixed income 175

e. Intern ate consumption 225

f. Rent 180

OPERATING SURPLUS: - 2215 LAKH

28. From the following information. Find out

Gross Domestic product at market prices

Gross National product at market price

₹ crore

a. Govt. Consumption expenditure 15

b. Net indirect taxes 14

c. Net exports -4

d. Gross fixed capital formation 25

e. Private final consumption expenditure 120

f. Net increase in stock 4

g. Net factor income from abroad 40

h. Consumption of fixed capital 10

GROSS DOMESTIC PRODUCT AT MARKET PRICE: -160 CRORE

GROSS NATIONAL PRODUCT AT MARKET PRICE:- 200 CRORE


29. From the following data. Find gross domestic product at market price.

a. Wages 1000

b. Rent 2000

c. Dividend 500

d. Retained Earnings by firms 700

e. Interest 500

f. Corporate profit tax 300

g. Mixed income 1500

h. Indirect taxes 650

i. Subsidies 500

j. Consumption of fixed capital 100

GROSS DOMESTIC PRODUCT AT MARKET PRICE: - 6750 CRORE

30. From the following data, calculate private income.

a. Income from net Domestic product, accruing to private sector. 1000

b. Net factor income from abroad 100

c. Interest on national Debt 50

d. Current transfers from government 200

e. Net current transfers from rest of the world 50

f. Contribution in social security schemes 20

ANS:1380 CRORE

31. From the following data, find out personal income.

₹ crore

a. Private income 6900

b. Savings of corporations in the private sector 500

c. Corporation tax 300

ANS. 6100 CRORE

32. Calculate the following form the given below.

₹ 

Domestic factor income

National income

a. Compensation of employee 50000

b. Interest 12000

c. Profit and dividends 15000

d. Rent 18000

e. Mixed income 40000

f. Net factor income from abroad 15000

DOMESTIC FACTOR INCOME: - 135000CRORE

NATIONAL INCOME: - 150000CRORE

33. Find out from the following data.

National income

Gross Domestic product at market places

₹ crore

a. Govt. final consumption 15550

b. Govt. domestic fixed capital formation 2160

c. Deprecation fixed 1650

d. Net factor income from abroad -225

e. Private final consumption expenditure 3000

f. Increase in stock 1575

g. Imports 2540

h. Exports 1825

ANS. (A) 22286, (B) 20410.

34. Calculate the following

Gross national product at market price

Net national product at market price

National income

₹

a. Sale 70000

b. Stock in the beginning of year 5000

c. Stock in the end of the year 25000

d. Intermediate consumption 10000

e. Cost of deprecation 1000

f. Indirect tax 300

g. Subsidy 100

ANS. (A) 79000, (B) 79000, (C) 78800.

35. From the following data, calculate.

Gross domestic product at market prices

Net domestic product at factor cost

₹

a. Operating surplus 5020

b. Mixed income 16110

c. Compensation of employees 13350

d. Consumption of fixed capital 2200

e. Subsidies 280

f. Indirect taxes 3800

36. From the following data, calculate

Gross national product at market price

Net national product at market price

₹

a. Private consumption expenditure 100000

b. Govt. consumption expenditure 12500

c. Gross capital formation 2500

d. Exports 6000

e. Imports 9000

f. Net factor income from abroad 750

g. Deprecation 400

ANS. (A) 112750 (B) 112350)

37. From the following data find out gross national product at market price.

₹

a. Gross capital formation 150

b. Govt. final consumption expenditure 120

c. Private final consumption expenditure 400

d. Export 40

e. Import 20

f. Net factor income from abroad 10

(ANS. 680 CRORE)

38. Find out from the following data:

National income

Private income

₹ crore

a. Gross national product at factor cost 31000

b. Transfer Receipts 2550

c. Interest on national debts 1050

d. Net current transfer from abroad 3225

e. Deprecation cost 1820

f. Income to Govt, from enterprises 1585

g. Savings of govt non-department enterprises 1340

h. Social security contributions 1000

ANS (A) 29180 CRORE, (B) 33080 CRORES

39. From the following data. Find out the following:

National income

Private income

₹ crore

a. Gross national product at factor cost 6750

b. Transfer Receipts 1680

c. Interest on national Debt 1746

d. Net current transfer from abroad 1800

e. Deprecation cost 9260

f. Income to the govt. form enterprises 5140

g. Saving of Govt, non-department 1100

h. Contribution to social security schemes 1520

ANS (A) 47490 CRORE, (B) 44956 CRORE.

40. Calculate the following form the data:

Gross Domestic Product at market price

Private income

₹ crore

a. National income 32500

b. Indirect taxes 3350

c. Subsidies 850

d. Consumption of fixed capital 4250

e. Net factor income from abroad 330

f. Govt. administrative departments

g. Saving of non-departments enterprises 950

h. National debt interest 140

i. Current transfer from Govt, administrative departments 125

j. Other current transfers form rest of the world 600

ANS (A) 38920 CRORE, (B) 33275 CRORE


35. From the following about firm X, calculate gross value added at factor cost by it.

a. Items ₹ Thousands

b. Sales 500

c. Opening stock 30

d. Closing stock 20

e. Purchase of intermediate 300

f. Purchase of machinery 150

g. Subsidy 40

ANS. 230000


36. From the following about firm Y, calculate net value added at market price by it.

a. Items ₹ thousand

b. Sales 300

c. Deprecation 20

d. Net indirect taxes 30

e. Purchase of intermediate products 150

f. Change in stock -10

g. Purchase of machinery 100

ANS. 120000

37. From the following data, following

Personal disposable income 

National income

Items ₹ in crore

a. Private income 3000

b. Compensation of employees 800

c. Mixed income of self-employed 900

d. Net factor income from abroad -50

e. Net retained earnings of private enterprises 600

f. Rent 350

g. Profit 600

h. Consumption of fixed capital 200

i. Direct taxes paid by households 300

j. Corporation tax 350

k. Net indirect tax 250

l. Net exports -70

m. Interest 450

ANS. 1750 CRORE, 3050 CRORE

38. From the following data calculate: (a) National Income and (b) Personal Disposable Income

Items (₹ in crore)

a. Profit 500

b. Rent 200

c. Private income 2.000

d. Mixed income of self-employed 800

e. Compensation of employees 1.000

f. Compensation of fixed capital 100

g. Net factor income from abroad 50

h. Net retained earnings of private enterprises 150

i. Interest 250

j. Net exports 40

k. Corporation tax 200

l. Net indirect taxes 160

m. Direct taxes paid by households 120

ANS (2700 CRORE,  1530 CRORE)

39. From the following data calculate National Income by (a) income method and (b) expenditure method 

Items (₹ in crore)

(i) Compensation of employees 800

(ii) Private final consumption expenditure 1.200

(iii) Profits 500

(iv) Rent 200

(v) Government final consumption expenditure 800

(vi) Interest 150

(vii) Net factor income from abroad 20

(viii) Net indirect taxes 190

(ix) Mixed income of self-employed 630

(x) Net exports 30

(xi) Net domestic capital formation 500

(xii) Consumption of fixed capital 150

(ANS. 2300 CRORE)

40. From the following data calculate Gross National product at Market Price by (i) income method and (ii) expenditure method.

Items (₹ in crore)

(i) Net domestic capital formation 375

(ii) Compensation of employees 600

(iii) Net indirect taxes 150

(iv) Profits 450

(v) Rent 200

(vi) Private final consumption expenditure 1,100

(vii) Consumption of fixed capital 115

(viii) Government final consumption expenditure 700

(ix) Interest 250

(x) Mixed income of self-employed 500

(xi) Net factor income from abroad 15

(xii) Net exports 25

(ANS. 2250)

41. From the following data calculate Gross National Product at Market price by (i) Income Method and (ii) Expenditure Method.

Items (₹ in crore)

(i) Compensation of employees 400

(ii) Profits 250

(iii) Mixed income of self-employed 300

(iv) Rent 80

(v) Interest 70

(vi) Private final consumption expenditure 700

(vii) Net dimension of fixed capital 120

(viii) Consumption of fixed capital 100

(ix) Net export 10

(x) Government final consumption expenditure 350

(xi) Net indirect taxes 60

(xii) Net factor income from abroad 10

ANS. 1250 CRORE

42. Calculate Gross National Disposable Income from the following data: 

Items (₹ in crore)

(i) Net current transfers from rest of the world 100

(ii) National Income 1,600

(iii) Consumption of fixed capital 150

(iv) Net factor income from abroad 20

(v) Net indirect taxes 180

ANS 2030 CRORE

43. Calculate Gross National Disposable Income from the following data

Items (₹ in crore)

(i) Net National product at factor 3,000

(ii) Net factor income from abroad 50

(iii) Consumption of fixed capital 150

(iv) Net indirect taxes 250

(v) Net current transfers from rest of the world 300

ANS 3700 CRORE


44. Calculate Gross national Disposable income from the following data:

Items ₹ Crore

Net factor income from abroad -10

National income 1000

Net income taxes 80

Net current transfers from rest of the world 150

Consumptions of fixed capital 100

ANS. 1330 CRORE


45. Calculate Gross national Disposable income from the following dat:

Items ₹ crore

National income 2000

Net factor income from abroad -50

Consumption of fixed capital 200

Net current transfers from rest of the world 150

Net direct taxes 250

ANS 2600 CRORE


46. Calculate net national Disposable income from the following data:

Items ₹ Crore

Gross national product at factor cost 800

Net current transfers form rest of the world 50

Net indirect tax 70

Consumption of fixed capital 60

Net factor income from abroad -10

ANS. 860 CRORE

47. From the following data, calculate national income by a. income method b. expenditure method:

Items ₹ crore

Private final consumption expenditure 2000

Net capital formation 400

Change in stock 50

Compensation of employees 1900

Rent 200

Interest 150

Operating surplus 720

Net indirect tax 400

Employees contributions to social security schemes 100

Net exports 20

Net factor income form abroad -20

Government final consumption expenditure 600

Consumption of fixed capital 100

ANS. 2600 CRORE

48. From the following data calculate net national product at factor cost by 

Income method, 

Expenditure method

Items ₹ Crore

Current transfers from rest of the world 100

Government final consumption expenditure 1000

Wages and salaries 3800

Dividend 500

Rent 200

Interest 150

Net domestic capital formation 500

Profits 800

Employees contributions 200

Net exports -50

Net factor income from capital -30

Consumption of fixed capital 40

Private final consumption expenditure 4000

Net direct tax 300

ANS. 5120 CRORE

49. From the following data, calculate Gross value added at factor cost’

Items ₹ in crore

Sales 180

Rent 5

Subsidies 10

Change in stock 15

Purchase of raw material 100

Profits 25

 ANS. 105 LAKH