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Calculate (A) National Income (B) Net National Income Disposable Income: Net Factor Income to Abroad Net Indirect Taxes Net Current Transfers from Rest of the Word - CBSE (Arts) Class 12 - Economics

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Question

Calculate (a) national income (b) net national income disposable income:

    (Rs. in crores)
1 Net factor income to abroad (-) 50
2 Net indirect taxes 800
3 Net current transfers from rest of the word 100
4 Net imports 200
5 Private final consumption expenditure 5000
6 Government final consumption expenditure 3000
7 Gross domestic capital formation 1000
8 Consumption of fixed capital 150
9 Change in stock (-) 50
10 Mixed income 4000
11 Scholarship to students 80

 

Solution

NNPFc = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Capital Formation + Change in Stock - Net Imports - Depreciation - Net Factor Income to Abroad - Net Indirect Taxes

NNPFc = 5000 + 3000 + 1000 - 50 - 200 -150 - (-50) - 800

NNFFc = 7850

Net National Disposable Income = NNPFc + Net Indirect Taxes + Net current transfers from the rest of the world

Net National Disposable Income = 7850 + 800 +100 = 8750

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Solution Calculate (A) National Income (B) Net National Income Disposable Income: Net Factor Income to Abroad Net Indirect Taxes Net Current Transfers from Rest of the Word Concept: Gross and Net Domestic Product (GDP and NDP).
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