Advertisements
Advertisements
Question
Calculation National Income and Personal Disposable Income:
| (Rs crores) | ||
| 1 | Rent | 100 |
| 2 | Net current transfers to rest of the world | 30 |
| 3 | Social security contributions by employers | 47 |
| 4 | Mixed income | 600 |
| 5 | Gross domestic capital formation | 140 |
| 6 | Royalty | 20 |
| 7 | Interest | 110 |
| 8 | Compensation of employees | 500 |
| 9 | Net domestic capital formation | 120 |
| 10 | Net factor income from abroad | (-)10 |
| 11 | Net indirect tax | 150 |
| 12 | Profit | 200 |
Solution
GNPMP = Compensation of employees + Rent + Interest + Royalty + Profit + Mixed income + NFIA + Net indirect taxes + Gross domestic capital formation − Net domestic capital formation
GNPMP = = 500 + 100 + 110 + 20 + 200 + 600 − 10 + 150 + 140 – 120
= Rs 1690 crore
Net National Disposable Income = GNPMP − (Gross domestic capital formation − Net domestic capital formation) − Net current transfers to the rest of the world
= 1690 − (140 − 120) – 30
= Rs 1640 crore
APPEARS IN
RELATED QUESTIONS
Total Cost and Total Revenue.
Calculate the (a) Net National product as markets price. and (b) Gross National Disposable Income:
| (Rs In crores) | |
| (i) Mixed income of self – employed | 8,000 |
| (ii) Rent | 400 |
| (iii) Profit | 900 |
| (iv) Dividend | 100 |
| (v) Interest | 500 |
| (vi) Mixed income of self- employed | 7,000 |
| (vii) Net factor income to abroad | 50 |
| (viii) Net export | 60 |
| (ix) Net indirect taxes | 300 |
| (x) Depreciation | 150 |
Give reasons or Explain the following statements
Services of housewives are excluded from national income.
Write explanatory answer:
Explain the output method of measuring national income.
Give reason or Explain the following statement :
Paid services are included in national income.
Define of Explain the following concept.
Net earnings from foreign trade
Answer the following question:
What is double counting of national income?
State with reason whether you agree or disagree with the following statement:
Many precautions are to be taken while estimating national income by income method.
Distinguish between:
Gross National Product and Net National Product
Write short note on:
Expenditure method of measuring national income.
Define or explain the following concept:
Final goods
Define or explain the following concept:
Personal income
State whether the following statement is true or false.
GDP includes net income from abroad.
Fill in the blank with appropriate alternatives given below
National income is __________ concept.
Find the odd word
Concepts of national income -
NNP stands for______.
Explain briefly NNP at factor cost.
Explain the meaning of non-market activities.
Accounting of National Income at constant prices is known as ____________.
Explain the meaning of national income.
