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National Income Accounting
Question
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Calculate 'Net National Disposable Income' (NNDI) and Personal Income from the following data:   

   

(र in crore)

(i)

Personal tax

212

(ii)

NNP at FC

2500

(iii)

Net indirect taxes

180

(iv)

Domestic product accruing to govt.

500

(v)

Retained earnings of private corporations

80

(vi)

Net factor income from abroad

23

(vii)

National debt interest

100

(viii)

Net current transfers from abroad

20

(ix)

Corporation tax

70

(x)

Current transfers from government

30

Answer

NNDI = (ii) + (iii) + (viii)
= 2500 + 180 + 20 = 2700 crores.
Personal Income = (ii) - (iv) - (v) - (ix) + (vii) + (viii) + (x)
= 2500 - 500 - 80 - 70 + 100 + 20 + 30
= 2000 crores.

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Some More Questions From National Income Accounting Chapter

Briefly explain the following basic concepts related to NI:
Final Goods and Intermediate Goods. 

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)