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Non-Competitive Markets
Question
Wired Faculty App

Calculate (a) Private Income, and (b) Personal Disposable Income (PDI) from the following data :  

(र in crores)

(i)

Savings of private corporate sector

500

(ii)

Savings of non-departmental public enterprises

200

(iii)

Capital transfers from rest of the world

50

(iv)

Current transfers from govt. administrative departments

100

(v)

Corporation tax

150

(vi)

Income from domestic product accruing to private sector

3500

(vii)

Net indirect taxes

300

(viii)

Net factor income from abroad

(-)30

(ix)

Current transfers from rest of the world

40

(x)

Direct personal taxes

110

Answer

(a) Private income = Private sector income + NFIA + All transfers
= 3500 + (- 30) + (40 + 100)
= 3610 crores
(b)    PDI = Private Income - Corporation tax - Savings of corporate sector - Personal taxes
= 3610 - 150 - 500 - 110
= 2850 crores

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Some More Questions From Non-Competitive Markets Chapter

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Distinguish between microeconomics and macroeconomics.
Give an example of showing the difference between microeconomics and macroeconomics. 

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Giving reasons categorise the following into stocks and flows:
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