Answer :
Sure, let's create a detailed step-by-step solution for measuring the national income for the given particulars:
1. Private Final Consumption Expenditure (PFCE): This includes the total consumption expenditure of households and private non-profit institutions serving households. In this case, the value is not provided in the question, so we will denote it as 0.
2. Net Capital Formation (NCF): This represents the net investment in fixed assets. Again, the value is not given, so it is denoted as 0.
3. Change in Stock (CIS): This accounts for the changes in inventories. The value is not provided, so we consider it as 0.
4. Compensation of Employees (COE): This includes wages, salaries, and other benefits paid to employees. The value is not provided, so it is considered 0.
5. Rent: This includes the income received from renting out property. The value is not provided, so it is considered 0.
6. Interest: This is the income received from lending money and is given as 1,900.
7. Operating Surplus (OS): This is the residual income of businesses after paying for all costs. The given value is 200.
8. Net Indirect Tax (NIT): This includes taxes on goods and services minus any subsidies. The given value is 150.
9. Employers' Contribution to Social Security Schemes (EC): This is the contribution made by employers to social security and pension schemes and is given as 720.
10. Net Exports (NE): This is the value of exports minus imports. The given value is 400.
11. Net Factor Income from Abroad (NFIA): This represents the net income from foreign sources and is given as 100.
12. Government Final Consumption Expenditure (GFCE): This is the total government expenditure on goods and services. The given value is 20.
13. Consumption of Fixed Capital (CFC): It represents the depreciation or wear and tear of fixed assets. The value provided is 0.
14. Salutation: This is provided as 600.
Using the given values, the results for the specific values asked in the table would be:
[tex]\[ \begin{array}{|l|c|} \hline \text{Particulars} & \text{Values} \\ \hline \text{Private Final Consumption Expenditure (PFCE)} & 0 \\ \hline \text{Net Capital Formation (NCF)} & 0 \\ \hline \text{Change in Stock (CIS)} & 0 \\ \hline \text{Compensation of Employees (COE)} & 0 \\ \hline \text{Rent} & 0 \\ \hline \text{Interest} & 1,900 \\ \hline \text{Operating Surplus (OS)} & 200 \\ \hline \text{Net Indirect Tax (NIT)} & 150 \\ \hline \text{Employers' Contribution to Social Security Schemes (EC)} & 720 \\ \hline \text{Net Exports (NE)} & 400 \\ \hline \text{Net Factor Income from Abroad (NFIA)} & 100 \\ \hline \text{Government Final Consumption Expenditure (GFCE)} & 20 \\ \hline \text{Consumption of Fixed Capital (CFC)} & 0 \\ \hline \text{Salutation} & 600 \\ \hline \end{array} \][/tex]
This detailed step-by-step approach provides a clear understanding of each component used in the measurement of national income and the corresponding values provided.
1. Private Final Consumption Expenditure (PFCE): This includes the total consumption expenditure of households and private non-profit institutions serving households. In this case, the value is not provided in the question, so we will denote it as 0.
2. Net Capital Formation (NCF): This represents the net investment in fixed assets. Again, the value is not given, so it is denoted as 0.
3. Change in Stock (CIS): This accounts for the changes in inventories. The value is not provided, so we consider it as 0.
4. Compensation of Employees (COE): This includes wages, salaries, and other benefits paid to employees. The value is not provided, so it is considered 0.
5. Rent: This includes the income received from renting out property. The value is not provided, so it is considered 0.
6. Interest: This is the income received from lending money and is given as 1,900.
7. Operating Surplus (OS): This is the residual income of businesses after paying for all costs. The given value is 200.
8. Net Indirect Tax (NIT): This includes taxes on goods and services minus any subsidies. The given value is 150.
9. Employers' Contribution to Social Security Schemes (EC): This is the contribution made by employers to social security and pension schemes and is given as 720.
10. Net Exports (NE): This is the value of exports minus imports. The given value is 400.
11. Net Factor Income from Abroad (NFIA): This represents the net income from foreign sources and is given as 100.
12. Government Final Consumption Expenditure (GFCE): This is the total government expenditure on goods and services. The given value is 20.
13. Consumption of Fixed Capital (CFC): It represents the depreciation or wear and tear of fixed assets. The value provided is 0.
14. Salutation: This is provided as 600.
Using the given values, the results for the specific values asked in the table would be:
[tex]\[ \begin{array}{|l|c|} \hline \text{Particulars} & \text{Values} \\ \hline \text{Private Final Consumption Expenditure (PFCE)} & 0 \\ \hline \text{Net Capital Formation (NCF)} & 0 \\ \hline \text{Change in Stock (CIS)} & 0 \\ \hline \text{Compensation of Employees (COE)} & 0 \\ \hline \text{Rent} & 0 \\ \hline \text{Interest} & 1,900 \\ \hline \text{Operating Surplus (OS)} & 200 \\ \hline \text{Net Indirect Tax (NIT)} & 150 \\ \hline \text{Employers' Contribution to Social Security Schemes (EC)} & 720 \\ \hline \text{Net Exports (NE)} & 400 \\ \hline \text{Net Factor Income from Abroad (NFIA)} & 100 \\ \hline \text{Government Final Consumption Expenditure (GFCE)} & 20 \\ \hline \text{Consumption of Fixed Capital (CFC)} & 0 \\ \hline \text{Salutation} & 600 \\ \hline \end{array} \][/tex]
This detailed step-by-step approach provides a clear understanding of each component used in the measurement of national income and the corresponding values provided.
