National Income Numerical
Q1. Find GDPFC:
1. Net national product at factor cost 4,500
2. Net investment 225
3. Factor income from abroad 620
4. Taxes on production 620
5. Factor income to abroad 220
6. Gross investment 425
7. Subsidies 70
Q2. Calculate Net Indirect Taxes
1. Gross national product at market price 11,000
2. Net domestic product at factor cost 4,000
3. Replacement of fixed capital 500
4. Net exports 100
5. Net factor income to abroad 700
Q3. Use the given information:
YEAR NOMINAL GDP GDP DEFLATOR
2022-23 5.5 100
2023-24 8.4 140
2024-25 9 130
(i) For which year Real and Nominal GDP are same and why?
(ii) Calculate Real GDP for the given years.
(iii) Calculate percentage change in Real GDP from year 2022 to 2024
Q4. Complete the given table:
YEAR 2014-15 2015-16
Nominal GDP 6.5 9
Real GDP ------ 7.2
GDP deflator 100 -----
Q5. Calculate Gross domestic product at factor cost:
1. Value of output of primary sector 2,000
2. Intermediate consumption of secondary sector 800
3. Intermediate consumption of primary sector 1,000
4. Net factor income from abroad (-) 30
5. Subsidies 300
6. Value of output of tertiary sector 1,400
7. Value of output of secondary sector 1,800
8. Intermediate consumption of tertiary sector 600
Q6. Calculate Value added by firm X and Y:
1. Sales by firm X to households 100
2. Sales by firm Y 500
3. Purchases by household from firm Y 300
4. Exports by firm Y 50
5. Change in stock of firm X 20
6. Change in stock of firm Y 10
7. Imports by firm X 70
8. Sales by firm Z to firm Y 250
9. Purchases by firm Y from firm X 200
Q7. Calculate value of output and value added by firm B:
(i) Firm A sold to firm B goods worth Rs. 80 crores; to firm C 50
crores; to household goods worth 30 crores; and goods worth 10
crores remain unsold.
(ii) Firm b sold to firm C goods worth 50 crore; to firm D 40 crore;
goods worth 5 crores to government and 30 crore worth goods
were exported.
Q8. Find Net Value Added at market price:
1. Output sold 1000 units
2. Price per unit 30
3. Excise duty 1600
4. Import duty 400
5. Net change in stock (-) 500
6. Consumption of fixed capital 2000
7. Intermediate cost 8000
Q9. Calculate Net value added at factor cost:
1. Durable use goods with life span of 10 years 10
2. Single use producer goods 5
3. Domestic sales 13
4. Unsold output produced during year 2
5. Taxes on production 1
6. Exports 7
Q10. Calculate value of output:
1. Net value added at factor cost 150
2. Intermediate consumption 100
3. Excise duty 20
4. Subsidy 5
5. Change in stock 10
6. Depreciation 10
Q11. Calculate Intermediate consumption:
1. Value of output 220
2. Net value added at factor cost 100
3. Sales tax 15
4. Subsidy 5
5. Depreciation 20
Q12. Calculate sales from the data:
1. Net value added at factor cost 300
2. Intermediate consumption 240
3. Purchase of machinery 300
4. Change in stock (-)60
5. Depreciation 40
6. GST 30
Q13. Calculate net national product at market price:
1. Net current transfers from abroad (-)10
2. Wages and salaries 650
3. Net factor income to abroad (-) 20
4. Social security contribution by employer 50
5. Social security contribution by employees 100
6. Net indirect taxes 80
7. Rent 200
8. Consumption of fixed capital 120
9. Corporate tax 50
10. Dividend 150
11. Undistributed profits 60
12. Interest 250
Q14. Find values of Operating Surplus and Net Exports:
1. Wages and salaries 2400
2. National income 4200
3. Net exports ?
4. Net factor income from abroad 200
5. Gross domestic capital formation 1100
6. Mixed income of self-employed 400
7. Private final consumption expenditure 2000
8. Net indirect taxes 150
9. Operating surplus ?
10. Government final consumption expenditure 1000
11. Consumption of fixed capital 100
12. Profits 500
Q14. Calculate Gross domestic product at factor cost and factor income to
abroad:
1. Compensation of employees 1,000
2. Profits 200
3. Dividends 80
4. Gross national product at market price 1,800
5. Rent 250
6. Interest 200
7. Gross domestic capital formation 300
8. Net fixed capital formation 200
9. Change in stocks 50
10. Factor income from abroad 80
11. Net indirect taxes 120
Q15. Calculate Gross national product at factor cost:
1. Net domestic capital formation 375
2. Compensation of employees 600
3. Net indirect taxes 150
4. Profit 450
5. Rent 200
6. Private final consumption expenditure 1,100
7. Consumption of fixed capital 115
8. Government final consumption expenditure 700
9. Interest 250
10. Mixed income of self-employed 500
11. Net factor income from abroad (-) 15
12. Net imports 25
Q16. Calculate net national product at market price:
1. Personal consumption expenditure 700
2. Wages and salaries 700
3. Employer’s contribution to social security schemes 100
4. Gross business fixed investment 60
5. Gross residential construction investment 60
6. Gross public investment 40
7. Gross public investment 20
8. Inventory investment 100
9. Profits 200
10. Government purchases of goods and services 50
11. Rent 40
12. Net Exports (-) 20
13. Interest 40
14. Mixed income of self-employed 100
15. Net factor income to abroad 10
16. Net indirect taxes 10
Q17. Calculate national income from the given data:
1. Government final consumption expenditure 300
2. Subsidies 10
3. Rent 400
4. Wages and salaries 400
5. Indirect taxes 60
6. Private final consumption expenditure 600
7. Gross domestic capital formation 120
8. Social security contribution by employer 55
9. Royalty 25
10. Net factor income to abroad 30
11. Interest 20
12. Net domestic capital formation 110
13. Profits 130
14. Net exports 70
