☰
Non-Competitive Markets
National Income, and (b) Gross National Disposable Income from the following :
|
(र crore) |
||
|
(i) |
Net current transfers to the rest of world |
(-) 5 |
|
(ii) |
Private find consumption expenditure |
500 |
|
(iii) |
Consumption of fixed capital |
20 |
|
(iv) |
Net factor income to abroad |
(-) 10 |
|
(v) |
Government find consumption expenditure |
200 |
|
(vi) |
Net indirect tax |
100 |
|
(vii) |
Net domestic fixed capital formation |
120 |
|
(viii) |
Net imports |
30 |
|
(ix) |
Change in stocks |
(-) 20 |
GDP at MP (Expenditure method)
= 500 + 200 + {120 + 20 + (- 20)} + (- 30) = 790
National income (NNP at FC) = 790 - 20 - 100 - (- 10) = 670 + 10 = 680 crore
GNDI = NNP at FC + dep + NIT - Net current transfers to ROW
= 680 + 20 + 100 - (- 5) = 800 + 5 = 805 crore.
Sponsor Area
Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth.
Value of Output vs. Value Added
Sponsor Area
Sponsor Area