Estimate the missing values (?), if the value of Gross Domestic Product at factor cost (GDP_fc) by Expenditure Method and Income Method is Rs. 920 crore : S. No. | Items | Amount (in Rs. crore) (i) | Government Final Consumption Expenditure | ? (ii) | Operating Surplus | ? (iii) | Gross Domestic Fixed Capital Formation | 250 (iv) | Mixed Income of Self-employed | 210 (v) | Change in Stock | 120 (vi) | Consumption of Fixed Capital | 140 (vii) | Compensation of Employees | 420 (viii) | Private Final Consumption Expenditure | 540 (ix) | Net Exports | (–) 60 (x) | Net Indirect Taxes | 80 (xi) | Employers' Contribution to Social Security Schemes | 130

Question

Accepted Answer

Estimation of missing values:

Given: GDP_FC by Expenditure Method = GDP_FC by Income Method = Rs. 920 crore

Using Expenditure Method:
GDP_FC = C + G + I + (X-M) - NIT

Using Income Method:
GDP_FC = Compensation of Employees + Operating Surplus + Mixed Income

The missing values can be calculated by:
1. Setting up equations from both methods
2. Equating them to Rs. 920 crore
3. Solving for the unknown variables

The key is that both methods should yield the same GDP_FC value.