Calculate (a) National Income, and (b) Net National Disposable Income:
| (Rs In crores) | |
| (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 export | 60 |
| (ix) Net indirect taxes | 300 |
| (x) Depreciation | 150 |
| (xi) Net current transfers to aboard | 30 |
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Solution
National Income = Compensation of employees + Rent + Interest + Profit + Mixed income of self employed - Net factor income to abroad
National Income = 2,000 + 400 + 500 + 900 +7,000 – 50
∴National Income = Rs 10,750
Net National Disposable Income = National income + Net indirect taxes – Net current transfers to abroad
Net National Disposable Income = 10,750 + 300 – 30
∴Net National Disposable Income = Rs 11,020
Concept: Concept of National Income
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