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National Income Accounting

Question
CBSEENEC12013257

From the following data find out (a) NNP at MP, (b) Private income, and (c) Personal Disposable Income.  

   

(र in crores)

(i)

GDP at FC

2,570

(ii)

Indirect taxes

850

(iii)

Subsidies

125

(iv)

Net factor income from abroad

-5

(v)

Savings of non-departmental enterprises

15

(vi)

Income from property and entrepreneurship accruing to Govt. administrative departments

100

(vii)

Consumption of fixed capital

290

(viii)

Interest on public debt

60

(ix)

Current transfer from government

245

(x)

Other current transfers from the rest of the world

310

(xi)

Corporation tax

190

(xii)

Savings of private corporate sector

85

(xiii)

Direct taxes paid by households

500

Solution

(a) NNP at MP = 2,570 + 850 - 125 - 5 - 290 = 3,000 crores.
(b) Private Income = 3,000 - 850 + 125 - 15 - 100 + 60 + 245 + 310 = 2,775 crores.
(c) PDI = 2,775 - 190 - 85 - 500 = 2,000 crores.