question_answer

Calculate National Income from the following data:
(Rs. in crores)
(i)	Private final consumption expenditure	900
(ii)	Profit	100
(iii)	Government final consumption expenditure	400
(iv)	Net indirect taxes	100
(v)	Gross domestic capital formation	250
(vi)	Change in stock	50
(vii)	Net factor income from abroad	(-) 40
(viii)	Consumption of fixed capita	20
(ix)	Net imports	30

Answer:

National Income

= Private final consumption expenditure + Government final consumption expenditure + Gross domestic capital formation+ Net factor income from abroad - Consumption of fixed capital - Net imports - Net indirect taxes

= (i) + (iii) + (v) + (vii) + (viii) + (ix) + (iv)

\[=900+400+250+(-40)-20-30-100\]= Rs 1,360 Crores