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GNP and National Income Calculations

The document consists of a series of questions requiring calculations related to national income, gross domestic product, value added, and other economic metrics using provided data points. Each question presents specific figures for various economic components, such as compensation of employees, consumption, and taxes, to derive the required economic indicators. The calculations involve applying economic formulas and methods like income and expenditure approaches to analyze the data effectively.

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0% found this document useful (0 votes)
19 views8 pages

GNP and National Income Calculations

The document consists of a series of questions requiring calculations related to national income, gross domestic product, value added, and other economic metrics using provided data points. Each question presents specific figures for various economic components, such as compensation of employees, consumption, and taxes, to derive the required economic indicators. The calculations involve applying economic formulas and methods like income and expenditure approaches to analyze the data effectively.

Uploaded by

ajingwang21
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

[Link].

1 From the following data calculate GNP at factor cost by income method and
expenditure method:
1. Net domestic capital formation - 500
2. Compensation of employee - 1850
3. Consumption of fixed capital - 100
4. Government final consumption expenditure - 1100
5. Private final consumption expenditure - 2600
6. Rent - 400
7. Dividend - 200
8. Interest - 500
9. Net exports - (-100)
10. Profits - 1100
11. Net factor income from abroad - (-50)
12. Net indirect taxes - 25

[Link].2 From the following data calculate nation income by income method and
expenditure methods:
1. Government final consumption expenditure - 100
2. Subsidies - 20
3. Rent - 200
4. Wages and salaries - 600
5. Indirect taxes - 60
6. Private final consumption expenditure - 800
7. Gross domestic capital formation - 120
8. Social security contribution by employers - 55
9. Royalty - 25
10. Net factor income paid to abroad - 30
11. Interest - 20
12. Consumption of fixed capital - 10
13. Profits - 130
14. Net exports - 70
15. Change in stock - 50

[Link].3 from the following data calculate gross domestic product at market and
factor income from abroad:
1. Gross national product at factor cost - 6,150
2. Net exports - (-50)
3. Compensation of employees - 3000
4. Rent - 800
5. Interest - 900
6. Profits - 1,300
7. Net indirect taxes - 300
8. Net domestic capital formation - 800
9. Gross fixed capital formation - 850
10. Change in stock - 50
11. Dividend - 300
12. Factor income to abroad - 80

[Link].4 Calculate net value added at factor cost from the following data:
1. purchase of machinery - 100
2. Sales - 200
3. Intermediate costs - 90
4. Indirect taxes - 12
5. Change in stock - 10
6. Excise duty - 6
7. Stock of raw materials - 5

[Link].5 An economy has two firms A and B. On the basis of following information find
out:
a) value added by firm A
b) GDP at market price
1. Exports by firm A - 20
2. Imports by firm A - 50
3. Sale to households by firm A - 90
4. Sales to firm B by firm A - 40
5. Sales to firm A by firm B - 30
6. Sale to households by firm B - 60

[Link].6 Calculate value added by firm A and :


1. Domestic sales by firm A - 4000
2. Exports by firm A - 1000
3. Purchase by firm A - 200
4. Sales by firm B - 2940
5. Purchase by firm B - 1300

[Link].7 from the following data calculate net value added at factor cost
1. Total sales - 1000
2. Decrease in stock - 70
3. Production for self consumption - 120
4. Purchase of raw materials - 300
5. Exports - 150
6. Electricity charges - 50
7. Income tax - 20
8. Goods & service taxes - 70
9. Subsidy - 40

[Link].8 From the following data calculate net domestic product at factor cost:
Primary sector Secondary sector tertiary sector
1. Sales - 1,000 , 1,500 , 700
2. Net indirect taxes - 50 , 30 , —
3. Opening stocks - 50 , 40 , 20
4. Intermediate consumption - 300 , 750 , 250
5. Consumption of fixed capital - 10 , 80 , 60

[Link].9 Firm A sells to firm B for Rs 50 crores and for Rs 70 crores to provide
consumption.
Firm B sells for Rs 80 crores to firm C and firm C sells for Rs 100 to provide
consumption.
Calculate value added by firm A,B and C.

[Link].10 Firm A buys from x inputs worth Rs 500 crores and sells to firm B good
worth 1,000 crores and to firm C goods worth Rs 700 [Link] buys from y inputs
goods worth Rs 200 crores and sells to firm C good worth Rs 1,500 crores and
finished good worth Rs 2000 crores to households. Firm C buys from z inputs worth
Rs 150 crores and sells finished good worth Rs 4,150 crores to household. Calculate
value added by firm A,B and C and GDPmp.

[Link].11 In an economy industry P sells output to Q. Q sells output to R for ₹600.


Q’s value added is 1/2 of p’s value added.
Assuming p’s value of inputs are 0.
Calculate how much p sells to Q.

[Link].12 Sales by firm A are Rs 80 crores and sales by firm B are Rs 300 crores.
Value added by B and C are are equal . Value of output of C and D are Rs 280 crores
each . Value added by D is Rs 120 crores and GDPmp is Rs 520 crores. Assuming A’s
value of inputs are zero, calculate:
(a)value added by firm A and firm C
(b)value of inputs of firm B
(c) value of inputs of firm C

[Link].13 Firm A spent Rs 500 crores on non factor inputs and sold goods worth Rs 600
crores to firm B and ₹300 crores to firm C.
Firm B whose value added is ₹1000 crores sold half its output to firm C and half to
D. Value added by firm C is 1/2 of value added of firm D. Firm C and firm D sold
their entire outputs to households. Value of output of firm C is equal to value of
firm B’s value of output. Calculate value of output of firm D.

[Link].14 calculate the operating surplus :


1. Sales - 4,000
2. Compensation of employees - 800
3. Intermediate consumption - 600
4. Rent - 400
5. Interest - 300
6. Net indirect taxes - 500
7. Consumption of fixed capital - 200
8. Mixed income - 400

[Link].15 Calculate national income by income method and expenditure method:


1. Compensation of employees - 250
2. Imports - 20
3. Mixed income of self employed - 50
4. Gross fixed capital formation - 120
5. Private final consumption expenditure - 550
6. Consumption of fixed capital - 10
7. Net factor income from abroad - 20
8. Indirect taxes - 100
9. Change in stock - 20
10. Subsidies - 20
11. Rent - 100
12. Interest - 200
13. Profit - 50
14. Exports - 10
15. Government final consumption expenditure - 60

[Link].16 From the following data calculate national income by income method and
expenditure method :
1. Private final consumption expenditure - 2000
2. Net capital formation - 400
3. Change in stock - 50
4. Compensation of employees - 1900
5. Rent - 200
6. Interest - 150
7. Operating surplus - 720
8. Net indirect taxes - 400
9. Employee contribution to social security scheme - 100
10. Net exports - 20
11. Net factor income from abroad - (-20)
12. Government final consumption expenditure - 600
13. Consumption of fixed capital - 100

[Link].17 From the following data calculate national income by income and expenditure
method :
1. Government final consumption expenditure - 100
2. Subsidies - 10
3. Rent - 200
4. Wages and salaries - 600
5. Indirect taxes - 60
6. Private final consumption expenditure - 800
7. Gross domestic capital formation - 120
8. Social security contribution by employer - 55
9. Royalty - 25
10. Net factor income paid to abroad - 30
11. Interest - 20
12. Consumption of fixed capital - 10
13. Profit - 130
14. Net exports - 70
15. Change in stock - 50

[Link].18 calculate the value of sales from the following data:


1. Net value added at factor cost - 800
2. Subsidies - 40
3. Change in stock - (-70)
4. Sales - ?
5. Intermediate consumption - 450
6. Consumption of fixed capital - 40

[Link].19 calculate intermediate consumption from the following data:


1. Gross value of output - 300
2. Net value added at factor cost - 100
3. Subsidies - 15
4. Depreciation - 30

[Link].20 calculate net value added at factor cost from the following data:
1. Consumption of fixed capital - 600
2. Goods and service tax - 400
3. Output sold - 2,000
4. Price per unit of output - 10
5. Net change in stocks - (-50)
6. Intermediate cost - 10,000
7. Subsidy - 500

[Link].21 calculate net value added at factor cost from the following data:
1. Value of output - 800
2. Intermediate consumption - 200
3. Indirect taxes - 30
4. Depreciation - 20
5. Subsidies - 50
6. Purchase of machinery - 50

[Link].22 calculate net value added at factor cost from the following data:
1. Sales - 1,000
2. Change in stock - 150
3. Purchase of raw materials - 300
4. Gross investment - 100
5. Net investment - 80
6. Net indirect taxes - 20

[Link].23 calculate net value added at factor cost from the following data:
1. Fixed capital Goods (expected life span 5 years) - 15
2. Domestic sales - 220
3. Change in stocks - (-10)
4. Exports - 10
5. Single use producer goods - 100
6. Net indirect taxes - 20
[Link].24 calculate net value added at factor cost from the following data:
1. Durable use producer goods with a lifespan of 10 years - 10
2. Single use producer goods - 5
3. Sales - 20
4. Unsold output produced during the year - 2
5. Taxes on production - 1

[Link].25 calculate the value of operating surplus from the following data:
1. Royalty - 5
2. Rent - 75
3. Interest - 30
4. Net domestic product at factor cost - 400
5. Profit - 45
6. Dividends - 20

[Link].26 calculate compensation of employees from the following data:


1. Old age pension - 2,000
2. Wages and salaries in cash - 60,000
3. Rent free accommodation to employees - 30,000
4. Employers contribution to provident fund - 7,500
5. Payment of life insurance premium by the employees - 2,500
6. Contribution to provident fund by employees - 35,000

[Link].27 calculate compensation of employees from the following data:


1. Profits after tax - 20
2. Interest - 45
3. gross domestic product at market price - 200
4. Goods and service tax - 10
5. Consumption of fixed capital - 50
6. Rent - 25
7. Corporation tax - 5

[Link].28 calculate the value of domestic income from the following data:
1. Compensation of employees - 2,000
2. Rent and interest - 800
3. Indirect tax - 120
4. Corporation tax - 460
5. Consumption of fixed capital - 100
6. Subsidies - 20
7. Dividend - 940
8. Undistributed profit - 300
9. Net factor income from abroad - 150
10. mixed income of self employed - 200

[Link].29 calculate rent from the following data:


1. GDP at market price - 18,000
2. Mixed income of self employed - 7,000
3. Subsidies - 250
4. Interest - 800
5. Rent - ?
6. Profit - 975
7. Compensation of employees - 6,000
8. Consumption of fixed capital - 1,000
9. Indirect tax - 2,000

[Link].30 calculate interest from the following data :


1. Indirect taxes - 1,500
2. Subsidies - 700
3. Profits - 1,100
4. Consumption of fixed capital - 700
5. Gross domestic product at market price - 17,500
6. Compensation of employees - 9,300
7. Interest - ?
8. Mixed income of self employed - 3,500
9. Rent - 800

[Link].31 calculate mixed income of self employed from the following data:
1. Compensation of employees - 17,300
2. Interest 1,200
3. Consumption of fixed capital - 1,100
4. Mixed income of self employed - ?
5. Subsidies - 750
6. Gross domestic product at market price - 27,500
7. Indirect taxes - 2,100
8. Profit - 1,800
9. Rent - 2,000

[Link].32 Calculate operating surplus and domestic income from the following data:
1. Compensation of employees - 2,000
2. Rent & interest - 800
3. Indirect tax - 120
4. Corporation tax - 460
5. Consumption of fixed capital - 100
6. Subsidies - 20
7. Dividend - 940
8. Undistributed profit - 300
9. Net factor income to abroad - 150
10. Mixed income - 200

[Link].33 calculate net national product at market price and gross domestic product
at factor cost from the following data:
1. Rent & interest - 6,000
2. Wages & salaries - 18,00
3. Undistributed profit - 400
4. Net indirect taxes - 100
5. Corporation tax - 120
6. Subsidies - 20
7. Net factor income to abroad - 70
8. Dividends - 80
9. Consumption of fixed capital - 50
10. Social security contribution by employers - 200
11. Mixed income - 1,000

[Link].34 calculate national income from the following data:


1. Net current transfer from rest of the world - 30
2. Private final consumption expenditure - 400
3. net domestic capital formation - 100
4. Change in stock - 50
5. Depreciation - 20
6. Government final consumption expenditure - 200
7. Net exports - 40
8. Net indirect taxes - 80
9. Net factor income paid to abroad - 10

[Link].35 calculate national income from the following data:


1. Factor income from abroad - 15
2. Private final consumption expenditure - 600
3. Consumption of fixed capital - 50
4. Government final consumption expenditure - 200
5. Net domestic fixed capital formation - 110
6. Factor income to abroad - 25
7. Net imports - (-20)
8. Net indirect taxes - 70
9. Change in stock - (-10)

[Link].36 calculate national income by income method and expenditure method from the
following data:
1. Profits - 200
2. Private final consumption expenditure - 440
3. Government final consumption expenditure - 250
4. Compensation of employees - 350
5. Gross domestic capital formation - 90
6. Consumption of fixed capital - 20
7. Net exports -(-20)
8. Interest - 60
9. Rent - 70
10. Net factor income to abroad - 50
11. Net indirect taxes - 60

[Link].37 Calculate gross national product by income method and expenditure method
from the following data:
1. Private final consumption expenditure - 800
2. Government final consumption expenditure - 300
3. Compensation of employees - 600
4. Net imports - 50
5. Gross domestic capital formation - 150
6. Consumption of fixed capital - 20
7. Net indirect taxes - 100
8. Net factor income from abroad -(-70)
9. Dividend - 150
10. Rent - 120
11. Interest - 80
12. Undistributed profit - 80
13. Social security contribution by employers - 60
14. Corporate tax - 50

[Link].38 calculate gross domestic product at market price and factor income from
abroad from the following data:
1. Gross national product at factor cost - 6150
2. Net exports - (-50)
3. Compensation of employees - 3000
4. Rent - 800
5. Interest - 900
6. Profit - 1300
7. Net indirect taxes - 300
8. Net domestic capital formation - 800
9. Gross fixed capital formation - 850
10. Change in stock - 50
11. Dividend - 300
12. Factor income to abroad - 80

[Link].39 calculate domestic income from the following data:


1. Household consumption expenditure - 800
2. Gross business fixed capital formation - 150
3. Gross residential construction investment - 120
4. Government final consumption expenditure - 170
5. Excess of imports over exports - 20
6. Inventory investment - 140
7. Gross public investment - 500
8. Net indirect taxes - 70
9. Net factor income from abroad - (-50)
10. Consumption of fixed capital - 40

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