question_answer

Calculate 'National Income' from the following:
(Rs. in Arab)
(i)	Net change in stocks	50
(ii)	Government final consumption expenditure	100
(iii)	Net current transfers to abroad	30
(iv)	Gross domestic fixed capital formation	200
(v)	Private final consumption expenditure	500
(vi)	Net imports	40
(vii)	Depreciation	70
(viii)	Net factor income to abroad	(-) 10
(ix)	Net indirect tax	120
(x)	Net capital transfers to abroad	25

 

Answer:

\[NN{{P}_{FC}}\] = Private final consumption expenditure + Government final consumption expenditure + Gross domestic fixed capital formation + Net change in stocks - Net imports - Depreciation - Net indirect tax - Net factor income to abroad

\[=500+100+200+50-40-70-120-(-10)\]

= Rs. 630 Arab