Calculate Personal income from the following data

Calculate (a) Gross National Product at Market Price and (b) Personal income from the following data:

Net Domestic Product at Factor Cost ($ND{{P}_{PC}}$)
= Wages and Salaries + Social Security Contribution by Employers

  • Operating Surplus = 200 + 30 + 400= Rs 630 crore
    (a) Gross National Product at Market Price (GNPmp) = $ND{{P}_{FC}}$ + Consumption of Fixed Capital
  • Net Indirect Tax + Net Factor Income from Abroad
    = 630 + 20 + 40 + (-10) = Rs 680 crore
    (b) Personal Income = Net Domestic Product at Factor Cost Accruing to Private Sector
  • Net Factor Income from Abroad + National Debt Interest - Corporation Tax
    = 500 + (-10) + (5 +15) + 25 - 35 = Rs 480 crore