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National Income Accounting

Question
CBSEENEC12013226
Wired Faculty App

Find out personal income from the following data:
                                                                                                             (र in crores)
1. Income from domestic product accruing to private sector                   224
2. Net current transfers from rest of the world                                           3
3. Net current transfers from Govt.                                                           9
4. National debt interest                                                                            8
5. Undistributed profit                                                                               1
6. Corporation tax                                                                                     3

Solution

Personal income = (1) + (2) + (3) + (4) - (5) - (6)
= 224 + 3 + 9 + 8 -1 -3 = 240 crores

Some More Questions From National Income Accounting Chapter

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Flow and Stock Concepts

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Gross Investment and Net Investment

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Domestic (Economic) Territory

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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)

Briefly explain the following basic concepts related to NI:
Net Factor Income from Abroad (NFIA)

Briefly explain the following basic concepts related to NI:
Value of Output vs. Value Added

Briefly explain the following basic concepts related to NI:
Factor Payment (Income) vs. Transfer Payment (Income)

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