National Income Accounting (Income Method)

COE is the total of:-

• Wages/Salaries in cash

• Wages in Kind

• Employer's Contribution to Social Security Schemes

• None of the above

Calculate MISE, When

NDP (FC)= 1000CR

COE=200CR

OS=500CR

• 300CR

• 1700CR

• 800CR

• 1200 CR

NNP (FC) is (a)   When,

COE=500CR

OS=1900CR

MISE=600CR

NFIA= 1000CR

Calculate Operating Surplus When:-

Rent=1000 cr

Interest=500 cr

Royalty= 700 cr

Profit= 1300 cr

Salaries= 500cr

• 3500 cr

• 4000cr

• 3000 cr

• 1700 cr

Calculate Profit when:

Retained Earning= 700 cr

Corporate tax= 600 cr

Dividend= 400 cr

• 1300cr

• 1700

• 1700 cr

• 1100 cr

Income From Lottery is Included in National Income.

(True/False)

(a)  

What are the Steps to calculate NNP(FC) using Income method?

• STEP 1 CALCULATE COE

• STEP 2 CALCULATE OS

• STEP 3 CALCULATE MISE

• STEP 4 CALCULATE NDP(FC) = COE+OS+MISE

• STEP 5 CALCULATE NNP(FC)= NDP(FC)+NFIA

Transfer Income, Income from sale of 2nd hand goods are always included in National Income.

• True

• False

Income from sale of shares, bond and Debentures will not be included in National Income.

• True

• False

While calculating NNP(FC) Using Income Method, we always focus on items of:

• Expenditure

• Income

• Value added

• All of the above