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Find National Income and Personal Disposable Income - CBSE (Arts) Class 12 - Economics

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Question

Find National Income and Personal Disposable Income:

    (Rs crore)
(i) Undistributed profits 70
(ii) Gross National Disposable Income 1,000
(iii) Net current transfers to abroad 20
(iv) Consumption of fixed capital 100
(v) Corporation tax 200
(vi) Indirect tax 250
(vii) Current transfers from government 50
(viii) Subsidies 60
(ix) Private income 800
(x) Personal tax 150

 

Solution

Gross National Disposable Income = GNPMP+ Net Current Transfers from abroad (or - Net Current Transfers to abroad) or, 1,000 = GNPMP- 20 = 1020

= GNPMP- Depredation - (Indirect Taxes - Subsidies)

= 1020 -100 - (250 - 60) = 730

= Rs 730 crore

Personal Disposable Income = Private Income - Undistributed Profits (or Retained Earnings) - Corporation Tax - Personal Tax Personal Disposable Income

= 800 - 70 - 200 -150

= Rs 380 crore

  Is there an error in this question or solution?

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Solution Find National Income and Personal Disposable Income Concept: Aggregates Related to National Income - Personal Disposable Income.
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