Class Notes Class: XII Topic: National Income

Numerical Questions of Value added Subject: ECONMICS method,Income method & Expenditure method

1. From the information given below, calculate a)GDP at MP, b)NNP at FC Items Rs. Crores NDP at MP 74905 Net indirect Taxes 8344 Income from domestic product accruing to 1972 government Current Transfers to households 2305 Depreciation 4486 Net Factor income from Abroad (-)232

2. Calculate GNP at FC Items Rs. Crores NDP at MP 35000 Depreciation 4000 Subsidies 40 Factor income from abroad 400 Factor income to the rest of the world 600

3. Calculate value of output from the following data Items Rs. Lakhs i)Net Value added at factor cost 100 ii)Intermediate consumption 75 iii)Excise duty 20 iv)Subsidy 05 v)Depreciation 10

4. Calculate sales from the following data: Items Rs. Lakhs i)NVA at FC 300 ii) Net addition to stock (-)200 iii) Sales tax 30 iv) Depreciation 10 v) Intermediate consumption 100 vi) Subsidy 5

5. Calculate operating surplus from the following data: Items Rs. Crores i) Sales 3800 ii) Compensation of employees 800 iii) Intermediate consumption 600 iv) Rent 400 v) Interest 300 vi)NIT 500 vii) Consumption of fixed capital 200 viii)Mixed income 1400 ix) Change in stock 200

6. Calculate Operating surplus and compensation of employees Items Rs. Crores i) Indirect taxes 250 ii) Depreciation 200 iii) Royalty 20 iv) Profit 250 v) Subsidies 50 vi)GDP at MP 2000 vii) Interest 40 viii)Rent 90 ix) NFIA (-)40

7. Calculate national income from the following data: Items Rs. Crores i) Consumption of fixed capital 100 ii)Employer’s contribution to Social Security schemes 100 iii)Interest 260 iv)NIT 50 v)Rent 230 vi)Dividends 145 vii)Corporate tax 25 viii)Undistributed profits 20 ix)NFIA (-)30 x)Wages and salaries 650

8. Calculate national income from the following data: Items Rs. Crores i) Consumption of fixed Capital 100 ii) Personal consumption expenditure 5000 iii)Net fixed capital formation 1000 iv)Inventory investment 500 v) Exports 200 vi)Imports 250 vii) NIT 50 viii)Government purchases of goods and services 2200 ix) NFIA (-)10

9. From the following data calculate national income by a) income method and b) Expenditure method Items Rs. Crores i)PFCE 2000 ii)Net capital formation 400 iii)Change in stock 50 iv)Compensation of employees 1900 v) Rent 200 vi)Interest 150 vii)operating surplus 720