36. Calculate (a) National income (b) Gross national disposable income from the

Question

36. Calculate (a) National income (b) Gross national disposable income from the following data (in crores) Contents 100 150 (-) 10 10 30 120 S.No (0 Government final consumption expenditure (i) Gross domestic fixed capital formation (ii) Net current transfers to abroad (iv) Net factor income to abroad (v) Change in stock (vi) Net domestic capital formation (vi) Net indirect taxes (vii) Private final consumption expenditure 80 (ix) Factor income from abroad (x) Net exports 700 25 (-) 20 60 (xl) Consumption of fixed capital

Explanation / Answer

(a) National income

National income(NNP)=private final consumption expenditure + government Final consumption expenditure + net domestic capital formation + change in stock - net exports - net indirect taxes - net factor income to Abroad.

= 700 + 100 + 120 + (-20) - 80 - 10.

= 920 - 110.

= 810 crore.

(b) Gross national disposable income from the following data.

Gross national disposable income (GNDI)

= NNP + Consumption of fixed capital + net indirect taxes - net current transfers to abroad

= 810 + 60 + 80 -(-10)

= 960 Crore

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