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) | Consumption of Fixed Capital | 170 (ii) | Change in Stock | 140 (iii) | Mixed Income of Self-employed | 180 (iv) | Operating Surplus | ? (v) | Gross Domestic Fixed Capital Formation | 140 (vi) | Government Final Consumption Expenditure | ? (vii) | Net Exports | (-) 50 (viii) | Net Indirect Taxes | 60 (ix) | Private Final Consumption Expenditure | 470 (x) | Compensation of Employees | 375 (xi) | Employers' Contribution to Social Security Schemes | 150

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.