Question
Calculate 'private income' from the following data:
(र in crores)
(i) National debt interest 30
(ii) Gross national product at MP 400
(iii) Current transfers from government 20
(iv) Net indirect taxes 40
(v) Net current transfers from rest of the world (-) 10
(vi) Net domestic product at FC accruing to government 50
(vii) Consumption of fixed capital 70
Solution
Private income = GNP at MP - (vi) + 30 + 20 + (-10) - 40 - 70
= 400 - 50 + 30 + 20 - 10 - 40 - 70 = 280 crores