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National Income Accounting

Question
CBSEENEC12013230

Calculate 'Net National Disposable Income' (NNDI) and Personal Income from the following data:   

   

(र in crore)

(i)

Personal tax

212

(ii)

NNP at FC

2500

(iii)

Net indirect taxes

180

(iv)

Domestic product accruing to govt.

500

(v)

Retained earnings of private corporations

80

(vi)

Net factor income from abroad

23

(vii)

National debt interest

100

(viii)

Net current transfers from abroad

20

(ix)

Corporation tax

70

(x)

Current transfers from government

30


 

Solution

NNDI = (ii) + (iii) + (viii)
= 2500 + 180 + 20 = 2700 crores.
Personal Income = (ii) - (iv) - (v) - (ix) + (vii) + (viii) + (x)
= 2500 - 500 - 80 - 70 + 100 + 20 + 30
= 2000 crores.