Calculate National Income: | ||
(Rs. crores) | ||
(i) | Personal tax | 80 |
(ii) | Private final consumption expenditure | 600 |
(iii) | Undistributed profits | 30 |
(iv) | Private income | 650 |
(v) | Government final consumption expenditure | 100 |
(vi) | Corporate | 50 |
(vii) | Net domestic fixed capital formation | 70 |
(viii) | Net indirect tax | 60 |
(ix) | Depreciation | 14 |
(x) | Change in stock | (-) 10 |
(xi) | Net imports | 20 |
(xii) | Net factor income to abroad | 10 |
Answer:
National Income = Private final consumption expenditure + Government final consumption expenditure + (Net domestic fixed capital formation + depreciation + change in stock) ? net imports ? depreciation ? Net Indirect Taxes - Net factor income to abroad National income \[=\text{ }600+100+\left( 70+1410 \right)20146010\] or, National income = Rs. 670 crore.
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