+91-8076753736 support@wiredfaculty.com
logo
logo

Sponsor Area

National Income Accounting

Question
CBSEENEC12013237
Wired Faculty App

Calculate (a) Private income, and (b) Personal disposable income (PDI) from the following data:
                                                                                                (र in crores)
(i) Savings of private corporate sector                                                  500
(ii) Savings of non-departmental public enterprises                               200
(iii) Capital transfers from rest of the world                                              50
(iv) Current transfers from govt. administrative deptt.                          100
(v) Corporation tax                                                                                 150
(vi) Income from domestic product accruing to private sector               3500
(vii) Net indirect taxes                                                                             300
(viii) Net factor income from abroad                                                       (-) 30
(ix) Current transfers from rest of the world                                             40
(x) Direct personal taxes                                                                         110

Solution

(a) Private income = Private sector income + NFIA + All transfers
                              = 3500 + (-)30 + (40 + 100) = 3610 crores.
(b) PDI = Private income - Corporation tax - Savings of private corporate sector - Personal taxes
             = 3610 - 150 - 500 - 110 = 2850 crores.

Some More Questions From National Income Accounting Chapter

Briefly explain the following basic concepts related to NI:
Gross Investment and Net Investment

Briefly explain the following basic concepts related to NI:
Domestic (Economic) Territory

Briefly explain the following basic concepts related to NI:
Normal Residents

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)

Briefly explain the following basic concepts related to NI:
Sources of Domestic Income

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation