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CBSE 2017 Class 12 Economics Outside Delhi Set-1

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Question : 17 of 18
Marks: +1, -0
Calculate (a) National Income, and (b) Net National Disposable Income :
 (i)  Compensation of employees  2,000
 (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 exports  60
 (ix)  Net indirect taxes  300
 (x)  Depreciation  150
 (xi)  Net current transfers to abroad  30
Solution:  
(a) NI=NDPfc+NFIA\mathrm{NI} = \mathrm{NDP}_{\mathrm{fc}} + \mathrm{NFIA} (Net factor income from abroad)
NDPfc=COE+\mathrm{NDP}_{\mathrm{fc}} = \mathrm{COE} + Mixed income + operating surplus
=COE+MI= \mathrm{COE} + \mathrm{MI}+(Rent + Royalty + Interest + Profit)
=2,000+7,000+400+500+900=2,000+7,000+400+500+900
=₹10,800=\text{₹}10,800 crores
(b) NNPfc   or   NI=NDPfc−\mathrm{NNP}_{\mathrm{fc}} \; \text{ or } \; \mathrm{NI} = \mathrm{NDP}_{\mathrm{fc}} - Net factor income to abroad
=10,800−50=10,750   crore. =10,800-50=10,750 \; \text{ crore. }
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