Calculate National Income: | ||
(Rs. Crores) | ||
(i) | Corporation tax | 100 |
(ii) | Private final consumption expenditure | 900 |
(iii) | Personal Income tax | 120 |
(iv) | Government final Consumption expenditure | 200 |
(v) | Undistributed profits | 50 |
(vi) | Change in stocks | \[()20\] |
(vii) | Net domestic fixed capital formation | 120 |
(viii) | Net imports | 10 |
(ix) | Net indirect tax | 150 |
(x) | Net factor income from abroad | \[()10\] |
(xi) | Private income | 1000 |
Answer:
GDP mp = Private final consumption expenditure + Government final consumption expenditure + (net domestic fixed capital formation + depreciation + change in stock) - net imports \[=900+200+(120+0+(20)10)\] \[=1100+(12020)10\] \[=1100+(100)10\] \[=120010\] \[=1190\]. NNPfc = GDPmp + Net factor income from abroad - net indirect tax - depreciation \[=1190+(10)1500\] \[=1190+(160)\] \[=1190160\,=1030\] National income = Rs. 1030 crores.
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