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# Calculate 'National Income' and 'Gross National Disposable Income' from the Following: Net Imports Net Current Transfers to Abroad Net Domestic Fixed Capital Formation Government Final Consumption Expenditure Private Final Consumption Expenditure - CBSE (Arts) Class 12 - Economics

ConceptAggregates Related to National Income - Gross National Product (GNP)

#### Question

Calculate 'National Income' and 'Gross National Disposable Income' from the following:

 (Rs in Arab) 1 Net imports 60 2 Net current transfers to abroad (-)10 3 Net domestic fixed capital formation 300 4 Government final consumption expenditure 200 5 Private final consumption expenditure 700 6 Consumption of fixed capital 70 7 Net change in stocks 30 8 Net factor income to abroad 20 9 Net indirect tax 100

#### Solution

NNPFC = Private final consumption expenditure + Government final consumption expenditure + Net domestic fixed capital formation + Net change in stocks − Net imports − Net indirect tax − Net factor income to abroad

= 700 + 200 + 300 + 30 − 60 − 100 − 20

= 1050 arab

Net National Disposable Income (NNDI) = NNPFC + NIT − Net current transfers to abroad

= 1050 + 100 − (−10)

= 1160 arab

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#### APPEARS IN

Solution Calculate 'National Income' and 'Gross National Disposable Income' from the Following: Net Imports Net Current Transfers to Abroad Net Domestic Fixed Capital Formation Government Final Consumption Expenditure Private Final Consumption Expenditure Concept: Aggregates Related to National Income - Gross National Product (GNP).
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