Question

Calculate national income . Mixed income of the self employed : 200, Old age pension: 20 Dividends: 100 , Operating surplus: 900 , Wages and Salaries: 500, Profits: 400, Employer's contributions to social security schemes: 50, Net factor income from abroad (-) 10 , Consumption of fixed capital : 50, Net indirect taxes: 50

Answer 1

1640 crores

Step-by-step explanation:

The national income is found with the sum of the domestic income with the net factor income from abroad.

Domestic income is composed of the sum of the values of Mixed income of the self employed, Operating surplus, Wages and Salaries, Net indirect taxes.

That way we can find the national income value as follows:

Domestic income: 200+900+500+50= 1650

National income: 1650+(-10) = 1640 crores