41. Calculate National Income and Gross National Disposable Income from the following: 

	(Rs.Crore)
(i) Net Current transfers to the rest of the world	(-5)
(ii) Private final consumption expenditure	500
(iii) Consumption of fixed capital	20
(iv) Net factor income to abroad	(-)10
(v) Government final consumption expenditure	200
(vi) Net indirect tax	100
(vii) Net domestic fixed capital formation	120
(viii) Net imports	30
(ix) Change in stocks	(-) 20

 

Calculation of National Income:
NNP_FC is defined as the measure of the factor earning of the resident of a country, both from economic territory and abroad. Therefore, NNP_FC is equal to national income of country.
NNP_FC = Private Final Consumption Expenditure + Government Final Consumption Expenditure + (Net Domestic Fixed Capital Formation + Change in Stock) - Net Imports - Net Indirect Taxes - Net Factor Income to Abroad - Consumption of Fixed Capital
= 500 + 200 + 120 + (-20) - 30 - 100 - (-10) -20
= Rs 660 crore

Calculation of Gross National Disposable Income:
GNDI = NNP_FC + Consumption of Fixed Capital + Net Indirect Taxes - Net Current transfers to Rest of the World
= 660 + 20 + 100 - (-5)
= Rs 785 crore