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Question : 4
Total: 4
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 )
= 1100 + ( 120 − 20 ) − 10
= 1100 + ( 100 ) − 10
= 1200 − 10
= 1190 .
NNP FC = GDP MP +
= 1190 + ( − 10 ) − 150 − 0
= 1190 + ( − 160 )
= 1190 − 160
= 1030
National income = ₹ 1030 crores.
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