Given the following data find the missing values of private final consumption expenditure and operating surplus national income 50000 net indirect taxes 1000 gross domestic capital formations 17000profit 1000 government final consumption expenditure 12500wages and salaries 20000 consumption of fixed capital 700 mixed income of self employed 13000 nfia 500 net exports 2000
Dear Student
National Income = NNP(fc)
National Income = GDPMP - Consumption of fixed Capital -NIT - NFIA
50000 = GDPMP - 700 - 1000 + 500
GDPMP = 51200
GDPMP = Govt. final consumption expenditure + Gross domestic capital formation+Net exports+Private final consumption expenditure + Net Exports
51200 = 12500 + 17000 + Private final consumption expenditure + 2000
Private final consumption expenditure = 19700
NNPFC = NDPFC + NFIA
50000 = NDPFC + 500
NDPFC = 49500
NDPFC = Wages & Salaries + Operating Surplus + Mixed Income
49500 = 20000 + Operating Surplus + 13000
Operating Surplus = 16500
Regards