Question
From the following data, calculate (a) personal disposable income, and (b) National income.
|
(र in crores) |
||
|
(i) |
Private income |
3000 |
|
(ii) |
Compensation of employees |
800 |
|
(iii) |
Mixed income of self-employed |
900 |
|
(iv) |
Net factor income from abroad |
- 50 |
|
(v) |
Net retained earnings of private enterprises |
600 |
|
(vi) |
Rent |
350 |
|
(vii) |
Profit |
600 |
|
(viii) |
Consumption of fixed capital |
200 |
|
(ix) |
Direct taxes paid by households |
300 |
|
(x) |
Corporation tax |
350 |
|
(xi) |
Net indirect taxes |
250 |
|
(xii) |
Net exports |
- 70 |
|
(xiii) |
Interest |
450 |
Solution
(a) Personal disposable income = 3000 - 600 - 350 - 300
= 1750 crores
(b) National income (NNP at FC) = 800 + 900 + (- 50) + 350 + 600 + 450 = 3050 crores
