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CBSE 2016 Class 12 Economics Outside Delhi Set-3

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Question : 4 of 4
Marks: +1, -0
Calculate National Income and (Personal Disposable Income) :
 S.No.  Particular  Amount ₹ in crore
 (i)  Corporation tax  
 (ii)  Private final consumption expenditure  100
 (iii)  Personal Income tax  900
 (iv)  Government final consumption expenditure  120
 (v)  Undistributed profits  50
 (vi)  Change in stocks  (-)20
 (vii)  Net domestic fixed capital formation  120
 (viii)  Net imports  10
 (ix)  Net indirect tax  150
 (x)  Net factor income from abroad  (-)10
 (xi)  Private income  1000
Solution:  
GDPmp Private final consumption expenditure + Government final consumption expenditure + (net domestic fixed capital formation + depreciation + change in stock)-net imports
=900+200+(120+0+(−20)−10)= 900+200+(120+0+(-20)-10)
=1100+(120−20)−10= 1100+(120-20)-10
=1100+(100)−10= 1100+(100)-10
=1200−10= 1200-10
=1190.= 1190.
NNPFC=GDPMP+,NNP_{FC} = GDP_{MP} +, Net factor income from abroad-net indirect tax-depreciation
=1190+(−10)−150−0= 1190+(-10)-150-0
=1190+(−160)= 1190+(-160)
=1190−160= 1190-160
=1030= 1030
National income=₹1030 crores.\text{National income} = \text{₹}1030 \text{ crores.}
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