Calculate the value of Domestic Income from the following data: S.No. Particulars (i) Rent and Royalties 1,300 (ii) Net Indirect Taxes 200 (iii) Wages & Salaries (in cash& in kind) 1,700 (iv) Corporate Tax 400 (v) Depreciation 400 (vi) Retained Earnings 300 (vii) Dividends 400 (viii) Net Factor Income fromAbroad (-)120 (ix) Mixed Income of SelfEmployed 1,400 (x) Change in Stock (-)200

CBSE 2023 Class 12 Economics Delhi Set 1 - Question 24

Question : 24 of 49

Marks: +1, -0

Calculate the value of Domestic Income from the following data:

S.No.	Particulars
(i)	Rent and Royalties	1,300
(ii)	Net Indirect Taxes	200
(iii)	Wages & Salaries (in cash& in kind)	1,700
(iv)	Corporate Tax	400
(v)	Depreciation	400
(vi)	Retained Earnings	300
(vii)	Dividends	400
(viii)	Net Factor Income fromAbroad	(-)120
(ix)	Mixed Income of SelfEmployed	1,400
(x)	Change in Stock	(-)200

Solution:

Domestic Income

( {\NDP}_{ {\FC}}) =

?
Solution:

{\NDP}_{ {\FC}}=

Compensation of Employees + Operating Surplus + Mixed Income

=1700+2400+1400=4500

crore
Compensation of Employees

=

Wages and salaries (in cash and in kind)

=1700

crore
Operating Surplus

=

Rent and Royalties + Interest + Profit

=1300+0+1100=2400 \;\text " crore "\;

Profit

=

Corporate Tax + Retained earnings + Dividend

=400+300+400=1100 \;\text " crore "\;

Mixed Income of self- employed

=1400

crore

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