Question
Calculate 'National Income' and 'Gross National Disposable Income'.
|
(र in crores) |
|
|
(i) Exports |
80 |
|
(ii) Private final consumption expenditure |
600 |
|
(iii) Net current transfers to the rest of world |
-5 |
|
(iv) Govt, final consumption expenditure |
100 |
|
(v) Subsidies |
20 |
|
(vi) Indirect tax |
80 |
|
(vii) Net domestic fixed capital formation |
150 |
|
(viii) Net factor income from abraod |
-10 |
|
(ix) Closing stock |
60 |
|
(x) Opening stock |
10 |
|
(xi) Net exports |
50 |
|
(xii) Consumption of fixed capital |
40 |
Solution
GDP at MP = 600 + 100 + (150 + 40) + (60 - 10) + 50 = 990
(i) National Income (NNP at FC)
= GDP at MP - Depreciation - NIT + NFLA
= 990 - 40 - (80 + 20) + (-10) = 880
(ii) GNDI = National Income + Dep. + NTT + Net current transfer to rest of world
= 880 + 40 + (80 - 20) - (-5) = 985 crores
