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National Income Accounting

Question
CBSEENEC12013243
Wired Faculty App

Calculate gross national disposable income from the following data. 
                                                                                                    (र in crores)
(i)  Gross national product at factor cost                                         400
(ii)  Net factor income from abroad                                                    20
(iii) Consumption of fixed capital                                                       30
(iv) Indirect taxes                                                                              50
(v) Subsidies                                                                                     10
(vi) Current transfer from rest of the world                                        25

Solution

Gross National Disposable Income
= GNP at FC + Indirect taxes - subsidies + Current transfer from rest of world
= 400 + 50 - 10 + 25 = 465 crores

Some More Questions From National Income Accounting Chapter

Briefly explain the following basic concepts related to NI:
 National Income (NI).

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)

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