Question
Explain the production method of estimating national income.
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| S. No | Particulars | $(₹)$ In Crore |
| $1.$ | Wages and salaries. | $800$ |
| $2.$ | Mixed income of self$-$employed. | $160$ |
| $3.$ | Operating surplus. | $600$ |
| $4.$ | Undistributed profit. | $150$ |
| $5.$ | Gross capital formation. | $330$ |
| $6.$ | Change in stocks. | $25$ |
| $7.$ | Net capital formation. | $300$ |
| $8.$ | Employers' contribution to social security schemes. | $100$ |
| $9.$ | Net factor income from abroad. | $(-20)$ |
| $10.$ | Exports. | $30$ |
| $11.$ | Imports. | $60$ |
| $12.$ | Private final consumption expenditure. | $1,000$ |
| $13.$ | Government final consumption expenditure. | $450$ |
| $14.$ | Net indirect taxes. | $60$ |
| $15.$ | Compensation of employees paid by the government. | $75$ |
| $(Rs.$ in crore$)$ | |
|
$50$ |
|
$70$ |
|
$90$ |
|
$20$ |
|
$10$ |
|
$40$ |
|
$60$ |
|
$30$ |
|
$80$ |
|
$(-10)$ |
|
$1000$ |
| $1.$ |
$\text{GNP}$ at factor cost.
|
$95,000$ |
| $2.$ |
Indirect Taxes.
|
$14,000$ |
| $3.$ |
$\text{NDP}$ at market prices.
|
$1,00,422$ |
| $4.$ |
$\text{NNP}$ at market prices.
|
$1,000,000$ |
| $5.$ |
$\text{GNP}$ at market prices.
|
$1,07,000$ |
| $(Rs.$ crores$)$ | ||
| $(i)$ | Rent | $200$ |
| $(ii)$ | Net current transfers to abroad | $10$ |
| $(iii)$ | National debt interest | $60$ |
| $(iv)$ | Corporate tax | $100$ |
| $(v)$ | Compensation of employees | $900$ |
| $(vi)$ | Current transfers by government | $150$ |
| $(vii)$ | Interest | $400$ |
| $(viii)$ | Undistributed profits | $50$ |
| $(ix)$ | Dividend | $250$ |
| $(x)$ | Net factor income to abroad | $(-10) $ |
| $(xi)$ | Income accruing to government | $120$ |