Question
Calculate 'private income' from the following data:
|
(र in crores) |
||
|
(i) |
National debt interest |
30 |
|
(ii) |
Gross national product at MP |
400 |
|
(iii) |
Current transfers from government |
20 |
|
(iv) |
Net indirect taxes |
40 |
|
(v) |
Net current transfers from rest of the world |
(-)10 |
|
(vi) |
Net domestic product at FC accruing to government |
50 |
|
(vii) |
Consumption of fixed capital |
70 |
Solution
Private income = GNP at MP - (vi) + 30 + 20 + (-10) - 40 - 70
= 400 - 50 + 30 + 20 - 10 - 40 - 70 = 280 crores
