a) From the following data calculate the value of Domestic Income:
a) From the following data calculate the value of Domestic Income:
| S. No. | ITEMS | Amount
(in ₹ Crores) |
| i) | Compensation of Employees | 2,000 |
| ii) | Rent and Interest | 800 |
| iii) | Indirect Taxes | 120 |
| iv) | Corporate Tax | 460 |
| v) | Consumption of Fixed Capital | 100 |
| vi) | Subsidies | 20 |
| vii) | Dividend | 940 |
| viii) | Undistributed Profits | 300 |
| ix) | Net Factor Income from Abroad | 150 |
| x) | Mixed Income of Self Employed | 200 |
b) Distinguish between ‘Value of Output’ and ‘Value Added’.
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a) Domestic Income ([email protected])
=(i)+(ii)+(iv)+(vii)+(viii)+(x)
=₹2000+₹800+₹460+₹940+ ₹300 +₹200
=₹4,700 crore
b) Value of output is the estimated money value of all the goods and services, inclusive of change in stock and production for self-consumption. Whereas,
Value added is the excess of value of output over the value of intermediate consumption.
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