Calculate the National Income,

CBSE Class 12 CBSE Class 12 Economics
,
1

Calculate:
(a) National Income and (b) Gross National Disposable Income from the following data:

2

(a) National Income ($NN{{P}{FC}}$)
= Private Final Consumption Expenditure + Government Final Consumption Expenditure + Net Domestic Capital Formation + Net Exports - Net Indirect Taxes - Net Factor Income to Abroad
= 700+100+120+(-20) - 80 -10 = 920-110 =Rs. 810 crore
(b) Gross National Disposable Income
= $NN{{P}{FC}}$+ Consumption of Fixed Capital + Net Indirect Taxes - Net Current Transfers to Abroad =810 + 60 + 80 - (-10)
= Rs. 960 crore