Calculate (a) Net National Product at Factor Cost and (b) Gross National Disposable Income from the follo wing data:
(a) Income accruing to Private Sector = Personal Disposable Income + Personal Tax + Retained Earnings of Private Corporate Sector +
Corporation Tax - National Debt Interest
- Current Transfers Payments by Government
- Net Current Transfers from Rest of the World + Net National Income to Abroad
= 1000 + 90 + 10 + 30 - 20 - 40-(- 10)+(-10)
= Rs 1070 crore
ND${{P}{FC}}$ = Income accruing to Private Sector + Saving of Non-departmental Enterprises + Income from Property and Entrepreneurship accruing to the Government Administrative Departments = 1070 + 50 + 70 = Rs.1190 crore
NN${{P}{FC}}$ =
ND${{P}{FC}}$ - Net National Income to Abroad = 1190 - (-10) = Rs. 1200 crore
(b) Now, Gross National Disposable Income = NN${{P}{FC}}$ + Net Indirect Tax
- Net Current Transfers from Rest of the World + Consumption of Fixed Capital
= 1200 + 80 + (-10) + 60 = Rs .1330 crores