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Question
Calculate value of "Interest" from the following data:
| S. No. | Particulars |
Amount (₹ in crores) |
| (i) | Indirect tax | 1,500 |
| (ii) | Subsidies | 700 |
| (iii) | Profits | 1,100 |
| (iv) | Consumption of fixed capital | 700 |
| (v) | Gross domestic product at market price | 17,500 |
| (vi) | Compensation of employees | 9,300 |
| (vii) | Interest | ? |
| (viii) | Mixed income of self-employed | 3,500 |
| (ix) | Rent | 800 |
Solution
Given:
GDPMP = 17,500
NDPFC = GDPMP - Consumption of fixed capital - NIT
NDPFC = 17,500 - 700 - (Indirect Tax - Subsidies)
NDPFC = 17,500 - 700 - (15,00 - 700)
NDPFC = 16,000
NDPFC = Compensation of Employees + Operating Surplus + Mixed Income of Self-Employed
NDPFC = Compensation of Employees + Rent + Interest + Profits + Mixed Income of Self-Employed
16,000 = 9,300 + 800 + Interest + 1,100 + 3,500
Interest = 1,300.
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