Identify the correct sequence for computing National Income:

1. Add NFIA to calculate NNP_FC.
2. Add sales and change in stock to get value of output (VO).
3. Value of intermediate consumption to be deducted from value of output to calculate GVA at MP
4. Deduct value of depreciation and Net Indirect Tax to get at NVA_FC

Choose the correct answer from the options given below:

B, C, D, A

The correct sequence for computing National Income is as follows:

1. Add sales and change in stock to get value of output (VO).
2. Value of intermediate consumption to be deducted from value of output to calculate GVA at MP
3. Deduct value of depreciation and Net Indirect Tax to get at NVA_FC
4. Add NFIA to calculate NNP_FC.

GVO_MP = Sales + Change in stocks

GVA_MP/GDP_MP = GVO_MP - intermediate consumption

NVA_FC/NDP_FC= GVA_MP - Depreciation - Net indirect tax

NNP_FC = NDP_FC + NFIA