CBSE 2014 Class 12 Economics Outside Delhi Set-1

Question : 16

Total: 19

Calculate 'Net National Product at Factor Cost' and 'Gross National Disposable Income from the following:( ₹ in Arab)

(i) Social security contributions by employees	90
(ii) Wages and salaries	800
(iii) Net current transfers to abroad	(-) 30
(iv) Rent and royalty	300
(v) Net factor income to abroad	50
(vi) Social security contributions by employers	100
(vii) Profit	500
(viii) Interest	400
(ix) Consumption of fixed capital	200
(x) Net indirect tax	250

Solution:

NNPFC= Wages and Salaries + Social security contribution by employers + Rent and Royality + Profit + Interest - Net factor income to abroad
=800+100+300+500+400−50
=₹2050 Arab

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