Find out the National Income

CBSE Class 12 CBSE Class 12 Economics
,
1

Find out:
(a) National Income
(b) Net National Disposable Income

2

(a) $GD{{P}_{MP}}$ = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Net Domestic Fixed Capital Formation + Change in Stocks

  • Consumption of Fixed Capital - Net Imports
    = 600 + 200 +100 + (- 50) + 60 - (-10) =970-50 =Rs. 920 crore
    National Income ($NN{{P}{FC}}$) =
    $GD{{P}    {MP}}$ - Net Factor Income to Abroad - Net Indirect Tax - Consumption of Fixed Capital
    =920 - 20 - 70 - 60 = Rs. 770 crore
    (b) Net National Disposable Income = $NN{{P}_{FC}}$ + Net Indirect Taxes - Net Current Transfer to Abroad =770+70-30 =840-30 =Rs. 810 crore