Answer to Question #213295 in Macroeconomics for Ashima Gupta

Question

Q2.Calculate Net Domestic Income, Gross Domestic

Income. Net national Income

ItemsRs Crores

Compensation of employees24000

Operating Surplus10000

Mixed Income of Self-employees28000

Net factor income earned from abroad-3000

Depreciation1700

Indirect Taxes9000

Subsidy1800

Ans:

Net domestic Income= 62000 Crores

Gross Domestic Income= 63700 Crores

Net National Income= 61700 Crores

Answer 1

Gross domestic Income = compensation of employees + operating surplus + Mixed income of self employees + Depriciation

$= 24000 + 10000 + 28000 + 1700$

$= 63700$

Net domestic income = Gross domestic income - Depriciation

$= 63700 - 1700\\ = 62000$