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Estimate GDP at factor cost by expenditure and income methods from data given below.

HeadsAmount in Rs. crores
1. Compensation of employees35290
2. Govt. final consumption expenditure11041
3. Private final consumption expenditure71366
4. Operating surplus15794
5. Gross fixed capital formation21001
6. Change in stocks5143
7. Mixed income of self employed37135
8. Consumption of fixed capital6651
9. Net indirect taxes12203
10. Net exports–1478

1 Answer

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Best answer

Expenditure method

GDPfc = (2) + (3) + (5) + (6) + (10) – (9) 

= 11041 + 71366 + 21001 + 5143 + (–1478) – 12203 

= Rs. 94870 crores.

Income method

GDPfc = (1) + (4) + (7) + (8) 

= 35290 + 15794 + 37135 + 6651 

= Rs. 94870 crores.

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