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Question
Calculate 'Net National Product at Factor Cost' and 'Gross National Disposable Income' from the following:
| (Rs in Arab) | ||
| 1 | Social security contributions by employees | 90 |
| 2 | Wages and salaries | 800 |
| 3 | Net current transfers to abroad | (-)30 |
| 4 | Rent and royalty | 300 |
| 5 | Net factor income to abroad | 50 |
| 6 | Social security contributions by employers | 100 |
| 7 | Profit | 500 |
| 8 | Interest | 400 |
| 9 | Consumption of fixed capital | 200 |
| 10 | Net indirect tax | 250 |
Solution
NNPfc = Wages and salaries + Social security contribution by employers + Rent and royalty + Profit + Interest − Net factor income to abroad
= 800 + 100 + 300 + 500 + 400 − 50
= Rs 2050 arab
Also, Gross National Disposable Income = NNPfc + NIT − Net current transfers to the rest of the world + Consumption of fixed capital
= 2050 + 250 − (−30) + 200
= Rs 2530 arab
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| (Rs in crore) | ||
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