Calculate the 'National Income': | ||
(Rs. crores) | ||
(i) | Rent | 200 |
(ii) | Net factor income to abroad | 10 |
(iii) | National debt interest | 15 |
(iv) | Wages and salaries | 700 |
(v) | Current transfers from government | 10 |
(vi) | Undistributed profits | 20 |
(vii) | Corporation tax | 30 |
(viii) | Interest | 150 |
(ix) | Social security contributions by employees | 400 |
(x) | Net domestic product accruing to government | 250 |
(xi) | Net current transfers to rest of the world | 5 |
(xii) | Dividends | 50 |
Answer:
National Income = Wages and salaries + Social security contributions by employees + Rent + Interest + Dividends + Corporation tax + Undistributed profits - Net factor income to abroad
\[NN{{P}_{FC}}=700+100+200+150+50+30+20-10\]
= Rs. 1240 Crore
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