From the following data, calculate Gross National Product at Market Price by:
(a) Income method
(b) Expenditure method

$\underset{–}{\begin{array}{ccc}1.& \text{Mixed income of self employed}& 400\\ 2.& \text{Compensation of employeees}& 500\\ 3.& \text{Private final conosumption expenditure}& 900\\ 4.& \text{Net factor income from abroad}& -20\\ 5.& \text{Net indirect taxes}& 100\\ 6.& \text{Consumption of fixed capital}& 120\\ 7.& \text{Net domestic capital formation}& 280\\ 8.& \text{Net exports}& -30\\ 9.& \text{Profits}& 350\\ 10.& \text{Rent}& \\ 11.& \text{Interest}& 150\\ 12.& \text{Government final consumption expenditure}& 450\end{array}}$

OR


Categorise the following as final and intermediate good. Give reasons:
(a) Machine purchased by a household
(b) Machine purchased by a firm
(c) Machine purchased for resale purpose

From the following data calculate National income:

(a) Income method

(b) Expenditure method

(a) Compensation of employees 1200

(b) NFIA - 20

(c) NIT 120

(d) Profit 800

(e) Private final consumption expenditure 2000

(f) Net domestic capital formation 770

(g) Consumption of fixed capital 130

(h) Rent 400

(i) Interest 620

(j) Mixed income of self-employed 700

(k) Net exports - 30

(l) Govt. final consumption exp. 1100

OR

Which of the following will be included in National Income?

(a) Seeds purchased by a farmer

(b) Salary given to an Indian working in the Japanese embassy in India

(c) Stationary purchased by a student

(d) Imports by a household

(a) From the following data compute net value added at factor cost:

$\begin{array}{cccccccc}\text{Items}& \text{Domestic sales}& \text{Subsidies}& \text{Purchase of raw material}& \text{Exports}& \text{Depreciation}& \text{Import of}& \text{Net}\\ & & & \text{in domestic market}& & & & \text{indirect taxes}\\ \text{In Crores}& 2500& 40& 500& 200& 100& 600& 60\end{array}$

(b) Intermediate goods and corporate tax are included in national income indirectly. How ?

OR

Calculate $GN{P}_{mp}$

(a) By Income Method

(b) Expenditure Method

$\begin{array}{ccc}\left(a\right)& \text{Rent}& 40\\ \left(b\right)& \text{Private Final Consumption Expenditure}& 800\\ \left(c\right)& \text{Net Exports}& 20\\ \left(d\right)& \text{Interest}& 60\\ \left(e\right)& \text{Profit}& 120\\ \left(f\right)& \text{Government Final Consumption Expenditure}& 200\\ \left(g\right)& \text{Net Domestic Capital Formation}& 100\\ \left(h\right)& \text{Compensation of Employees}& 800\\ \left(i\right)& \text{Depreciation}& 20\\ \left(j\right)& \text{Net Indirect Taxes}& 100\\ \left(k\right)& \text{Net Factors Income From Abroad}& (-)20\end{array}$

Calculate (a) Gross domestic product at market price and (b) Factor income from abroad from the following data:

$\begin{array}{cc}& \\ & \text{(Rs in '000 crores)}\\ \text{(i) Profits}& 500\\ \text{(ii) Exports}& 40\\ \text{(iii) Compensation of employees}& 1,500\\ \text{(iv) Gross national product at factor price}& 2,800\\ \text{(v) Net current transfer from rest of the world}& 90\\ \text{(vi) Rent}& 300\\ \text{(vii) Interest}& 400\\ \text{(viii) Factor income to abroad}& 120\\ \text{(ix) Net indirect taxes}& 250\\ \text{(x) Net domestic capital formation}& 650\\ \text{(xi) Gross fixed capital formation}& 700\\ \text{(xii) Change in stock}& 50\end{array}$

Find the Final Gross National Product at Market Price and Private Income:

$\begin{array}{cc}& \text{(Rs. in crores)}\\ \text{(i) Private final consumption expenditure}& \text{800}\\ \text{(ii) Net current transfers to abroad}& \text{20}\\ \text{(iii) Net factor income to abroad}& \text{(-)10}\\ \text{(iv) Government final consumption expenditure}& \text{300}\\ \text{(v) Net indirect tax}& \text{150}\\ \text{(vi) Net domestic capital formation}& \text{200}\\ \text{(vii) Current transfers from government}& \text{40}\\ \text{(viii) Depreciation}& \text{100}\\ \text{(ix) Net imports}& \text{30}\\ \text{(x) Income accruing to government}& \text{90}\\ \text{(ix) National debt interest}& \text{50}\end{array}$