From the following data calculate GNP at MP via the income method.
(र in crores) |
||
(i) |
Wages and salaries |
700 |
(ii) |
Rent |
100 |
(iii) |
Depreciation |
50 |
(iv) |
Net factor income from abroad |
- 10 |
(v) |
Mixed income |
400 |
(vi) |
Subsidies |
100 |
(vii) |
Profits |
400 |
(viii) |
Indirect taxes |
300 |
(ix) |
Employers contribution to S.S. Schemes |
50 |
(x) |
Interest |
40 |
NDPFC = 700 + 100 + 400 + 400 + 50 + 40 = 1,690
GDPMP = 1,690 + 50 - 100 + 300 = 1,940
GNPMP = 1,940 + (- 10) = 1,930 crores
From the following data find out (a) NNP at MP, (b) Private income, and (c) Personal Disposable Income.
(र in crores) |
||
(i) |
GDP at FC |
2,570 |
(ii) |
Indirect taxes |
850 |
(iii) |
Subsidies |
125 |
(iv) |
Net factor income from abroad |
-5 |
(v) |
Savings of non-departmental enterprises |
15 |
(vi) |
Income from property and entrepreneurship accruing to Govt. administrative departments |
100 |
(vii) |
Consumption of fixed capital |
290 |
(viii) |
Interest on public debt |
60 |
(ix) |
Current transfer from government |
245 |
(x) |
Other current transfers from the rest of the world |
310 |
(xi) |
Corporation tax |
190 |
(xii) |
Savings of private corporate sector |
85 |
(xiii) |
Direct taxes paid by households |
500 |
(a) NNP at MP = 2,570 + 850 - 125 - 5 - 290 = 3,000 crores.
(b) Private Income = 3,000 - 850 + 125 - 15 - 100 + 60 + 245 + 310 = 2,775 crores.
(c) PDI = 2,775 - 190 - 85 - 500 = 2,000 crores.
Calculate national income from the following:
(र in crores) |
||
(i) |
Mixed income of self-employed |
200 |
(ii) |
Old age pension |
20 |
(iii) |
Dividends |
100 |
(iv) |
Operating surplus |
900 |
(v) |
Wages and salaries |
500 |
(vi) |
Profits |
400 |
(vii) |
Employer's contribution to S.S. schemes |
50 |
(viii) |
Net factor income from abroad |
(-) 10 |
(ix) |
Consumption of fixed capital |
50 |
(x) |
Net indirect taxes |
50 |
Domestic income = 200 + 900 + 500 + 50 = 1,650
National income = 1,650 + (- 10) = 1,640 crores
(र in crores) |
||
(i) |
Rent |
80 |
(ii) |
Interest |
100 |
(iii) |
Profits |
210 |
(iv) |
Tax on profits |
30 |
(v) |
Employees contribution to S.S. schemes |
25 |
(vi) |
Mixed income of self-employed |
250 |
(vii) |
Net indirect taxes |
60 |
(viii) |
Employer's contribution to S.S. schemes |
50 |
(ix) |
Compensation of employees |
500 |
(x) |
Net factor income from abroad |
(-) 20 |
Domestic income = 80 + 100 + 210 + 250 + 500 = 1,140
National income = 1,140 + (- 20) = 1,120 crores