Calculate National Income and

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 Fixed Capital Formation + Change in Stock - Net Imports - Net
Indirect Tax

  • Net Factor Income to Abroad = 500+200+120+ (-20)-30-100-(-10) =700+100+10-130 = Rs 680 crore
    (b) Gross National Disposable Income = $NN{{P}_{FC}}$ + Net Indirect Tax + Consumption.of Fixed Capital - Net Current Transfer to the Rest of the World =680+100+20-(-5) = Rs. 805 crore