Question

Calculate (a) Domestic Income; (b) National Income

Particulars	Rs. in crores
(i) GDP at MP (ii) Indirect Taxes (iii) Factor income from abroad (iv) Consumption of Fixed Capital (v) Factor income to abroad (vi) Subsidies	70,150 5,200 800 3,100 300 4,000

Answer 1

(a) Domestic Income or NDP at FC = GDP at MP - Consumption of Fixed Capital - Indirect Taxes +Subsidies
= 70150 - 3100 - 5200 + 4000 = 65850
( b) National Income or NNP at FC = NDP at FC - Factor income to abroad + Factor income from abroad
= 65850 - 300 + 800
= 66350.