Question

Calculate (a) National Income by Income and Expenditure Method, (b) Gross Domestic Product at Market Price.

Answer 1

Correct Answer - Rs. 13100 crores
Rs. 13100 crores
(a) National Income by Income Method
=(ii)+(iii)+(vi)+{(xiii)-(xiv)}
=9000+3000+1000+{800-700}
= Rs. 13100 crores
National Income by Expenditure Method
=(i)+(iv)+(v)+(vii)+{(ix)-(xi)}-{(viii)-(x)}+{(xiii)-(xiv)}
=7000+4200+1700+500+{600-800}-{300-100}+{800-700}
=Rs. 13100 crores
(b) Gross Domestic Product at Market Price
=National Income +(xii)+{(viii)-(X)}-{(xiii)-(xiv)}
=13000+11000+{300-100}-{800-700}
= Rs. 14300 crores