Pls anwer this.....
Dear Student
Production method
GDPMP = (Value of output of primary sector + value of output of secondary sector + value of output of service sector) - (Value of intermediate consumption of primary and secondary sector + Value of intermediate consumption of service sector )
= ( 22000+8000+4000) - ( 12000+5000)
= 34000 - 17000
GDPMP = 17000
National income (NNPFC) = GDPMP - depreciation +net factor income from abroad -indirect taxes + subsidies
= 17000 - 1200 + (-500) - 4000 +2200
= 19200- 5700
Natinal income = 13500
Income method
National income (NNPFC) = Compensation of employees + Income from property and enterprises + mixed income of self employed +net factor income from abroad
National income (NNPFC) = 6000 +5000 + 3000 + (-500)
National income (NNPFC) = 13500
Regards