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National Income Accounting
Question
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Calculate Net National Disposable Income (NNDI) from the following data.
   

(र in crores)

  
 

Set I

Set II

Set III

(i) GDP at FC

800

1,000

1,500

(ii) Net current transfers from ROW

50

50

-30

(iii) Net indirect tax

70

120

120

(iv) Consumption of fixed capital

60

100

100

(v) Net factor income from abroad

-10

-20

-20

 

Answer

NNDI = GNP at FC - Depreciation + Net indirect tax + Net current transfers
Set I = 800 - 60 + 70 + 50 = 860 crores
Set II = 1,000 - 100 + 120 + 50 = 1,070 crores
Set III = 1,500 - 100 + 120 - 30 = 1,490 crores

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Some More Questions From National Income Accounting Chapter

Briefly explain the following basic concepts related to NI:
Consumption Goods and Capital Goods

Briefly explain the following basic concepts related to NI:
Flow and Stock Concepts

Briefly explain the following basic concepts related to NI:
Gross Investment and Net Investment

Briefly explain the following basic concepts related to NI:
Domestic (Economic) Territory

Briefly explain the following basic concepts related to NI:
Normal Residents

Briefly explain the following basic concepts related to NI:
National Income at Current and Constant Prices (Nominal and Real NI).

Briefly explain the following basic concepts related to NI:
Consumption of Fixed Capital (Depreciation).

Briefly explain the following basic concepts related to NI:
Factor Cost vs. Market Price (or Net Indirect Taxes)

Briefly explain the following basic concepts related to NI:
Net Factor Income from Abroad (NFIA)

Briefly explain the following basic concepts related to NI:
Value of Output vs. Value Added