CBSE 2014 Class 12 Economics Delhi Set-2

Question : 4

Total: 4

Calculate 'net national product' at factor cost and 'private income** from the following: (₹ Arab)

(i) National debt interest	60
(ii) Wages and salaries	600
(iii) Net current transfers to abroad	20
(iv) Rent	200
(v) Transfer payments by government	70
(vi) Interest	300
(vii) Net domestic product at factor cost accruing to government	400
(viii) Social security contribution by employers	100
(ix) Net factor income paid to abroad	50
(x) Profits	300

Solution:

NNPFC= Wages and salaries + Employers contribution to social security + Rent + Interest + Profit - Net Factor Income to Abroad or,
NNPFC=600+100+200 +300+300−50= ₹1,450 Arab.

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