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Find National Income and Private Income - Economics

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Find national income and private income:

    (Rs crore)
(i) Rent 200
(ii) Net current transfer to abroad 10
(iii) National debt interest 60
(iv) Corporate tax 100
(v) Composition of employees 900
(vi) Current transfers from government 150
(vii) Interest 400
(viii) Interest 50
(ix) Undistributed profits 250
(x) Net factor income to abroad (-)10
(xi) Income accruing to government 120
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Solution

NDPFC = Rent + Corporate tax + Compensation of employees + Interest + Undistributed profits + Dividend

=200 + 100 + 900 +400 + 50 + 250 = Rs 1,900 crore

Personal Income =NDPFC – Income accruing to government − Net fame income to abroad + National debt interest + Current transfer by government − Net current transfers to abroad − Corporate tax − Undistributed profits

= 1,900 − 120 − (−10) + 60 + 150 − 10 −100 − 50 = Rs 1,840 crore

Concept: Aggregates related to National Income - Private Income
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