4.

104 Introductory
Macroeconomics

(vi) Opening stock of firm A

25
(vii) Opening stock of firm B 45
(ix) Indirect taxes paid by both the firms
30
Value added byfirm A= 55 crores; Value added by firm B= 130
crores

3. Calculate net value added at factor cost from following data:

Particulars Rin crores

() Purchase of machinery to be used in the production unit

100
() Sales
200
(ii) Intermediate costs
90
(iv) Indirect taxes
12
(v) Change in stock
10
(vi) Goods and Services Tax 6

(vii) Stock of raw material

5
Net value addedat factor cost =108 Crores

4. Calculate NDP,FC*

Particulars
in crores
() Subsidies
1

(ii) Sales
100

(ii) Closing stock 10

(iv) Indirecttaxes

(v) Intermediate consumption 30

(vi) Opening stock oc 20

(vi) Consumptionof fixed capital 15

5. Calculate'value
NDP= 41 crores
of output' fromthe following data:

Particulars
in lakhs
() Subsidy 10

(ii) Intermediate consumption 150

(ii) Net addition to stocks

(H13
(iv) Depreciation 30
(v) Goods and Services Tax 20

(vi) Net value added at factor cost 250

6. Value of output=440 lakhs

Calculate value of output and gross value added at market price
Particulars
Rin crores
(i) Opening stock 1,000

(ii) Closing stock 800

(ii) Purchase of raw materials 200
(iv) Sales
10,000
 Measurement of National Income 4.105
Chapter4

(v) Indirect taxes 250

50
(vi) Subsidies

Value of output=9,800 crores; Gross value added at MP= 9,600 crores

7. Calculate the value of 'Sales' from the following data: (CBSE, Delhi& Al Comptt. 2021}

Particulars
in crores
800
()Net Value Added at Factor Cost
40
(ii) Subsidies

Stock (-)70
(ii) Change in
(iv) Sales
450
(v) Intermediate Consumption
40
(vi) Consumptionof Fixed Capital
Sales = 1,320 Crores

Consumption"from the following data: (CBSE, Delhi Comptt. 2019}

7a. Calculate"Intermediate

Particulars
in crores
300
(0) Gross value of output
100
(i0) Net value added of factor cost (NVA)
15
(ii) Subsidies
30
(iv) Depreciation
Intermediate Consumption =185 Crores

the following data: {CBSE,2020(58/4/1)}

7b. Calculate Net Value Added at Factor Cost (NVA,)from
Rin crores
Particulars
800
(0) Value of Output
200
(Gi) Intermediate Consumption
30
(ii) Indirect Taxes
20
(iv) Depreciation
50
(v) Subsidies
50
(vi) Purchase of Machinery
Net Value Added at Factor Cost=600 Crores

(CBSE,Delhi 2012(|)}
8. Calculate Net Value Added at Factor Cost:

Particulars
600
() Consumptionof fixed capital ()
400
(i) Goods and Services Tax or GST* )
2,000
(i) Outputsold (units)
10
Price per unit of output ()
(iv)
( 50
(v)

(vi)

(vii) Subsidy )
Net change in stocks

Intermediate cost ()
()

*Import duty given in the question

earlier
10,000

500

has been replaced byGST.

9,450
4.106
Introductory
Macroeconomice

9. Calculate Net Value Added at Market Price:

(CBSE,
Delhi2012
Particulars (D)

() Output sold (units)

800
(i) Price per unit of output ()
20
(i)Goods and Services Tax or GST )
2,000
(iv) Net change in stocks (®)
(-) 500
(v) Depreciation ()
1,000
(vi) Intermediate cost )
8,000
*Import duty given in the question
earlier has been replacedby GST

10. Find Net Value added at Market Price:

T6,500
(CBSE,Delhi 2016 (D)
Particulars
in lakhs
() Fixed Capital good with a life spanof 5 years
15
(ii) Raw materials
6
(ii) Sales
25
(iv) Net change in stock
(-)2
(v) Taxes on production

11. Calculate'Sales' from the following data:

o14{CBSE,AIl India
lakhs

2013}
Particulars
7in lakhs
)Subsidies 200
(i) Opening stock
100
(ii) Closing stock
600
(iv) Intermediate consumption
3,000
(v) Consumptionof fixed capital
700
(vi) Profit
750
(vii) Net value added at factorcost
2,000

5,000lakhs
12. Supposefirm A sold timber produced in its forest to firm B for 1.000 and frewood to consumers for Tue
for? 500.Firm B converted logs into slippers and partly sold to furniture making firm C for 800
and
remaining to private consumers sfor 700. Firm C sold
furniture worth 1,000to and the
private Consumers
remaining to a governmentoffice for 500. Calculate:
(0) Values added by firm A, firm B and firm C.
()Total value of output.
() Valueadded byfirm A = 1,500; Value added by firm
B=500; Value e added by frm C= 700.

()Totalvalue of output=4,500.
13. You are given folowing information about four worth
of his output to Z200 worth
producers and D in an economy. A sells 300 A, B, C
output to C and R 500 his of B
B,
of
worth output to households. The sales
to A, C and D are worth ? 400, 200 and
of
Sales by Cto households are worth? 900. D
200while stock worth 200
.
300respectively.C sells to
sells to
A, Band D

households output worth

output Worth
100each.
are worth
?
remains unsold with D.
700. His exports
Estimate the value added by.
 Measurement of National Income 4.107
4
Chapter

(0) A, B, C and D separately.

(i) All of them together.
() Value added:Firm A = 500: Firm B=500: Firm C=Z800: Firm D=800. (i) 2,600

4A Suppose firm A sold raw material to firm B for 1,000 and to firm C for 600. Firm B sold its product partly

consumers for 800and the remaining product was exported for 600.Firm C part of its product
to private
and the remaining product worth 500 was unsold
to governmentfor 500 for public consumption
the
buys no raw () Find the value added by firmn A,firm B and
stock left with it. (Assume that firm A material).

firm C. (i) Total Consumption Expenditure.

A= Firm B = 400;Firm C= 400.(i) Total Consumption Expenditure = ?1,300

() Value added: Firm 1,600;

for private consumption. A, B, C

economy,the following transactions take place and the final sale
is
15. In an
output
A sells to B for 20,000. B whose value added is 40,000,sells half of its
and D are four industries.
whose value added is 30,000, sells all its output
half to D. all its output to D. D's
to C and another sells C

to final product for 1,30,000.What is value added by C?

Value Added by C =40,000
Practicals on Income Method

16. Calculate National Income.

in crores
Particulars
200
Mixed income of self employed
(0)
20
(ii) Old age pension
100
(ii) Dividends
900
(iv) Operating surplus
500
(v) Wages and salaries
400
(vi) Profits
50
Employers' contribution to social security schemes
(vii)
-10
(vii) Net factor income from abroad
50
(ix) Consumptionof fixed capital

50
(x) Net indirect taxes
National Income = 1,640 crores

17. Calculate NNP at FC.

in crores
Particulars
80
rest of the world
() Net current transfers from
600
(ii) Wages and Salaries
75
(ii) Net indirecttaxes
-20
(iv) Net Factor income from abroad
160
(v) Rent and interest
40
(vi) Corporation tax
280
(vii) Mixed Income of the self-employed
60
(vii) Undistributed profit
20
(ix) Dividend
120
(x) Consumption of fixed capital
NNP=1,140crores
 4.108 Introductory
Macroeconomics

18. Calculate GNP at MP.

Particulars
Zin
crores
(0 Employee Compensation
600
(i) Rent and interest
350
(iüi) Profit
200
(iv) Indirect Tax
160
(v) Consumptionof fixed capital
200
(vi) Mixed Income of the self-employed
850
(vii) Subsidies
40
(viii) Net current transfers from rest of the world
850
(ix) Net Factor incomefrom abroad
(100
19. Calculate GNP at MP.
GNP at MP =2,220 crores

Particulars
in crores
(i) Indirect tax
200
(ii) Consumptionof fixed capital
100
(ii) Factor Income to abroad
250
(iv) Factor Incomefrom abroad
320
(v) Rent
250
(vi) Dividend
220
(vii) Mixed Income
120
(vii) Saving of private corporate sector
200
(ix) Interest
100
(x) Subsidies
200
(xi) Compensationof employees
500
(xii) Corporate tax
400

GNP at MP = 1960 crores

20. Calculate"Gross National Product at

Market Price" from the following data:
(CBSE,All India 2013)
Particulars
incrores
(1) Compensationof employees
2,000
(ii) Interest
500
(ii) Rent
700
(iv) Profits
800
(v) Employers' contribution to social
security schemes 201
(vi) Dividends
300
(vi) Consumption of fixed capital
100
(vii) Net indirect taxes
250
(ix) Net exports
70
(x) Net factor income to abroad
150
(xi) Mixed income of self-employed
1,500

Crore
5,700
 4.109
Measurement Income
4
Chapter
of National

Added at Factor Cost' equal to 'IncomeGenerated.

below, prove that Net Value
is
a Erom the data given
in crores
Particulars 200
stock
() Opening 400
(i) Closing stock 300
materials
(ii) Purchase of raw 1,200

(iv)
Sales 100
(v) Corporate tax 50
(vi) Undistributed profits 50
(vii) Dividends 150
(vii) Rent 100
(ix) Interest 200
(0) Depreciation 150
taxes
(xi) Indirect
50
(xi) Subsidies 350
(xii) Wages and salaries
=Income Generated= 800 crores
Net Value Added at Factor Cost

at Factor Cost' is equal to 'IncomeGenerated.

22. On the basis of following data, prove that Net Value Added
in crores
Particulars
1,000
(i) Addition to stock
10,000
Sales
(ii)
800
(iii) Net indirect taxes
1,650
(iv) Purchase of raw material 850
(v) Expenses on Power
500
(vi) Consumptionof fixed capital 700
(vii) Rent
3,500
(vii) Compensation of Employees
1,000
(ix) Interest
1,500
(x) Dividend
300
(xi) Corporate gains tax
200
(xi) Undistributed profit

Net Value Added at Factor Cost = Income Generated=7,200 crores

of Employees
Practicals on Operating Surplusand Compensation
23. Calculate operating surplus.
in crores
Particulars
25
() Bonus to employees
175
(ii) Mixed income
100
(üi) Profit
40
(iv) Dividend
30
(v) Corporate tax
80
(vi) Rent
4.110 Introductory
Macroeconomics

(vi) Royalty
40
(vii) Interest
130
(ix) Employers' contribution to social security schemes
30
Operating Surplus =R350 crores

23a.From the following data, calculate the value of operating surplus: (CBSE,2022
(58/5/1) Term-2)
Particulars
Rin crores
(0) Royalty
5
(i) Rent
79
(ii) Interest
30
(iv) Net domestic product at factor cost
400
(v) Profit
45
(vi) Dividends
20
Operating Surplus = 155 crores
23b. From the following data, calculate the value of compensation of employees (COE): (CBSE,2022 (58/5/1) Term-2!
Particulars
Rin crores
() Old age pension
2,000
(i) Wages and salaries in cash
60,000
(iii) Rent free accommodationto employees
30,000
(iv) Employer's contribution to provident fund
7,500
(v) Payment of life insurance premium by the employees 2,500
(vi) Contribution to provident fund by employees 35,000

Compensation of Employees =97,500crores

24. Calculate the value of operatingsurplus.

Particulars
in crores
(i) Value of output
800
(i) Intermediate consumption
200
(ii) Compensationof employees
200
(iv) Indirect taxes
30
(v) Depreciation
20
(vi) Subsidies
50
(vi) Mixed income
100

25.
Operating Surplus =300 crores

Calculate the operating surplus from the following

data: Term-2
(CBSE,2022(58/4/)
Particulars
in crores
(0) Compensationof Employees
300
(iü) Indirect Taxes
200
(ii) Consumption of Fixed Capital
100
(iv) Subsidies
50
(v) Gross Domestic Product at Factor Cost (GDP) 650

Operating Surplus
=250 crores
 of National Income
4.111
4 Measurement
Chapter

and compensation
operating surplus. employees.
of
26, Calculate
in crores
Particulars
250
taxes
() Indirect
200
() Depreciation
(ü) Royalty
bi 20

200
(iv) Profit
50
(V) Subsidies
1,800
(vi) Gross domestic product
at MP
50
(vii) Interest
100
(vii) Rent
(-) 40
(ix) Net factor incomefrom abroad

Operating Surplus = 370 crores; Compensation ofemployees = 1,030 crores

Practicals on ExpenditureMethod

27. Calculate GNP at MP.

in crores
Particulars

odb tleioto 27,500

()Personal consumption expenditure

() Government consumptionexpenditure
o23,000
formation
boce motenro 2.500
(i) Gross domestic fixed capital

500
(iv) Import of goods and services
- 250
(v) Net factor income from abroad
250
(vi) Subsidy
300
(vii) Fallin stock
450
(vii) Export of goods and services
1,000
(ix) Depreciation
1,000
(<) Net indirect taxes
GNP at MP =32,400 crores
28. Calculate NDP at FC.
Rin crores
Particulars

0 Private final consumptionexpenditure

400

100
() Gross domestic capital formation
20
(i) Change in stocks
(iv) Net
60
indirect taxes
10
(V) Net factor income from abroad
(vi) Net exports o bo e (H 20
20
(vii) Consumption of fixed capital
100
(Vi) Governmentfinalconsumptionexpenditure
NDP at FC= 500crores
 4.112 Introductory
Macroeconomics

29. Calculate National Income.

Particulars
in
crores
() Private Final ConsumptionExpenditure
2,000
(ii) GovernmentFinal ConsumptionExpenditure
700
(ii) Gross domestic Capital formation
200
(iv) Net Exports
300
(v) Net Factor incomefrom abroad
400
(v) Consumptionof fixed capital
200
(vii) Net indirect tax
50
National Income
=3,350 crores

30. Calculate National Incomefrom the following data:

{CBSE,Delhi 2013)

Particulars
in crores
(0) Private final consumption expenditure 900

() Profit
100

(ii) Governmentfinal consumption expenditure 400

(iv) Net indirect taxes

100

(v) Gross domestic formation

capital
eo 250

(vi) Change in stock 50

(vi) Net factor income from abroad (40
(vii) Consumption of fixed capital. 20
(ix) Net imports 30

1,360 Crore

MiscellaneousPracticals

31. Calculate National Incomeby Incomeand Expenditure method.

Particulars in crores

() Compensationof employees 1,200

(i) Net factor incomefrom abroad (-20

(ii) Net indirect tax 120

(iv) Profits 800

(v) Private final consumptionexpenditure 2,000

(vi) Net domestic capital formation 770

130
(vi) Consumption of fixed capital
(viii) Rent 400

Interest 620
(ix)

700
(x) Mixed income of self employed
(xi) Net exports (H30
1,100
(xii) Government final consumptionexpenditure
(Tore
=3,700
National Income
 Measurement of National Income 4.113
Chapter4

following data, calculate income

32. From the "national income" by (a) method and(b) expenditure method:

{CBSE,All India 2009}

in crores
Particulars
150
() Interest

Rent 250
(ii)

i) Governmentfinal consumptionexpenditure 600

iv) Private final consumptionexpenditure 1,200

Profits
640
(v)

of employees 1,000
(v) Compensation

Net factor income to abroad 30

(vii)

Net indirect taxes

60
(vii)

(ix) Net exports ()40

of fixed capital
50
(x) Consumption

Net domestic capital formation 340

(xi)

(a) 2,010crores; (b)2,010 crores

33. Calculate National Income by Incomeand Expenditure method.

Particulars in crores

) Compensation of employees 600

550
(G) Governmentfinal consumptionexpenditure
(ii) Net factor income from abroad (-) 10

(iv) Net exports (-15

400
(v) Profit

(vi) Net indirect tax 60

350
(vi) Mixed income of self employed
(vii) Rent
200
310
(ix) Interest

1,000
(x) Private final consumptionexpenditure
385
(xi) Net domestic capitalformation
65
(xi) Consumption of fixed capital

National Income=1,850 crores

34. Calculate National Income by income method and expenditure method.

in crores
Particulars
100
0) Governmentfinal consumptionexpenditure
920
(i) Interest, rent and profits
620
(i) Gross Capital formation

(iv)
()10
Net exports
100
(V) Change in stock

(vi) Net Factor incomefrom abroad

(10
(vii)
20
Subsidies
4.114 Introductory
Macroeconomics

(vii) Private Final Consumptionexpenditure

800
(ix) Indirect tax
120
(x) Consumptionof fixed Capital
60
(xi) Mixed incomeof the self employed 60
(xi) Compensationof employees 370
National Income =?1340crores
35. Calculate National Income by Incomeand Expenditure method.
Particulars in crores

) Governmentfinal consumption expenditure

7351
(i) Indirect tax
8,834
(ii) Gross fixed capital formation
13.248
(iv) Mixed income of the self employed 28,267

(v) Subsidies
1,120

(vi) Change in stock 3,170

(vii) Rent, interest and profits 9,637

(vii) Consumptionof fixed capital 4,046

(ix) Private Final Consumptionexpenditure 51,177

(x) Imports of goods and services 5,674

(xi) Exports of goods and services 4,812

(xi) Net factor incomefrom abroad 255

(xii) Compensationof employees 24,420

National Income=62,069 crores

36. Calculate National Income by Incomeand Expenditure method.

Particulars in crores
() Rent 1,500

(ii) Net factor incomefrom abroad 50

(ii) Wages and salaries 25,000

(iv) Indirect tax 1,000

(v) Governmentfinal consumption expenditure 11,200

(vi) Subsidies 300

(vi) Royalty 200

(vii) Net exports ()200

(ix) Interest 6,400

(x) Corporate tax 200

(xi) Profit after tax 4,000

(xii) Households final consumption expenditure 26.000

(xii) Change in stock 100

(xiv) Net domestic fixed capital formation 600

(xv) Final consumptionexpenditure 300

ofprivate non-profit institutions
serving households
Ocrores
37350
National Income =
 4 Measurement of National Income 4.115
Chapter

27 Calculate National Income by Income and expenditure method.

Z in crores
Particulars
50
O) Government finalconsumption expenditure
150
(ii) Rent
20
(ii) Opening stock
80
(iv) Interest
70
(v) Profit

480
(v)Private finalconsumptionexpenditure
90
(vii) Gross fixed capital formation
35
(vii) Closing stock
()5
(ix) Net exports
60
(x) Net indirect taxes
200
(xi) Compensationof employees
20
(xii) Consumptionof fixed capital
50
(xii) Mixed income of self employed
20
(xiv) Net factor income from abroad
National Income=570 crores

38. Calculate National Income by Income and Expenditure method.

Zin crores
Particulars
50
() Opening stock
60
(i) Profit
10
(ii) Closing stock
500
(iv) Interest
20
(v) Consumptionof fixed capital
460
(vi) Private final consumptionexpenditure
100
(vii) Mixed income
(-) 10
(vii) Net exports
()5
(ix) Net factor income from abroad
300
(0) Compensation of employees
500
(xi) Net capital formation
20
(xii) Net indirect taxes
100
(xii) Governmentfinal consumption expenditure
70
(xiv) Rent
National Income=1,025 crores

39, Calculate NNP at FC by lIncome and Expenditure method.

in crores
Particulars
100
()Mixed income of self employed
300
(i) Gross fixed capital formation
900
(i) Private final consumption expenditure
(-) 50
(iv) Net exports
 Introductory
4.116 Macroeconomics

(v) Subsidies 50

(vi) Governmentfinal consumption expenditure 150

(vii) Rent 60

(vii) Indirect taxes 250

(ix) Interest 200

(x) Change in stocks 50

(xi) Compensationof employees 400

(xi) Profit 340

(xii) Consumptionof fixed capital 50

(xiv) Net factor incomefrom abroad 50

NNP at FC=1,150 crores

40. Calculate GNP at MP by Incomeand Expenditure method.

Particulars in crores

() Net exports 15

(i) Private final consumption expenditure 600

(i) Consumptionof fixed capital 30

(iv) Operating surplus 190

(v) Net indirect taxes 105

(vi) Net factor income from abroad ()5

(vii) Wages and Salaries 520

(vii) Rent 60

(ix) Employers' contribution to social security schemes 100

(x) Governmentfinal consumption expenditure 200

(xi) Net capital formation 100

GNP at MP= 940crores

41. Calculate GNP at MP by Incomeand Expenditure method.
Particulars
in crores

() Net capital formation 200

(ii) Private final consumption expenditure 1,000

(iin) Operating surplus 360

(iv) Wages and Salaries 900
(v) Employers' contribution to social security schemes 50
(vi) Rent 100

(vii) Government final consumption expenditure 300

(vii) Consumptionof fixed capital 50

(ix) Net indirect taxes 200
(x) Net factor income from abroad
(10
(xi) Net exports 10

crores
GNP at MP=1550