question_answer

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.