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Question
Calculate “Gross National Disposable Income” from the following data:
|
S.No. |
Particulars |
(Rs in crores) |
|
|
(i) |
Net domestic product at factor cost |
3,000 |
|
|
(ii) |
Indirect taxes |
300 |
|
|
(iii) |
Net current transfers from rest of the world |
250 |
|
|
(iv) |
Current transfers from the government |
100 |
|
|
(v) |
Net factor income to abroad |
150 |
|
|
(vi) |
Consumption of fixed capital |
200 |
|
|
(vii) |
Subsidies |
100 |
|
Solution
Gross National Disposable Income = Net domestic product at factor cost + Indirect Taxes - Subsidies + Net current transfers from the rest of the world - Net factor income to abroad + Consumption of fixed capital
or, Gross Disposable Income = 3000 + 300 - 100 + 250 - 150 + 200 = Rs 3500 crore
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RELATED QUESTIONS
Calculate national income and gross national disposable income from the following:
(Rs Arab)
i. Net current transfers to abroad (-) 15
ii. Private final consumption expenditure 600
iii. Subsidies 20
iv. Government final consumption expenditure 100
v. Indirect tax 120
vi. Net imports 20
vii. Consumption of fixed capital 35
viii. Net change in stocks (-)10
ix. Net factor income to abroad 5
x. Net domestic capital formation 110
Calculate net national disposable income from the following data:-
| S.No. | Particulars | Rs. in crores |
| (i) | Gross domestic product at market price | 2000 |
| (ii) | Net current transfers to rest of the world | (-)200 |
| (iii) | Net indirect taxes | 150 |
| (iv) | Net factor income to abroad | 60 |
| (v) | National debt interest | 70 |
| (vi) | Consumption of fixed capital | 200 |
| (vii) | Current transfers from Government | 150 |
Find out (a) national income and (b) net national disposable income:
S. No. Items (Rs crores)
i. Factor income from abroad 15
ii. Private final consumption expenditure 600
iii. Consumption of fixed capital 50
iv. Government final consumption expenditure 200
v. Net current transfers to abroad (-) 5
vi. Net domestic fixed capital formation 110
vii. Net factor income to abroad 10
viii. Net imports (-) 20
ix. Net indirect tax 70
x. Change in stocks (-) 10
National Disposable income is equal to ______.
Firm A sells flour to firm B for ₹ 100/- Firm B sells biscuits to the wholesaler C for ₹ 160/- and Firm C sells biscuits to consumers for ₹ 200/-. Hence, the gross value added is ______.
