Question
From the following data, calculate (a) National income, and (b) Personal disposable income.
|
(र in crores) |
||
|
(i) |
Compensation of employees |
1200 |
|
(ii) |
Rent |
400 |
|
(iii) |
Profit |
800 |
|
(iv) |
Consumption of fixed capital |
300 |
|
(v) |
Mixed income of self-employed |
1000 |
|
(vi) |
Private income |
3600 |
|
(vii) |
Net factor income from abroad |
- 50 |
|
(viii) |
Net retained earnings of private enterprises |
200 |
|
(ix) |
Interest |
250 |
|
(x) |
Net indirect taxes |
350 |
|
(xi) |
Net exports |
- 60 |
|
(xiii) |
Direct taxes paid by households |
150 |
|
(xiii) |
Corporate tax |
100 |
Solution
(a) National Income = 1200 + 400 + 800 + 1000 + (- 50) + 250 = 3600 crores
(b) Personal disposable income = Personal income - Taxes paid by households
= 3300( = 3600 - 200 -100) -150 = 3150 crores.
