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calculate Domestic Income or NDP at FC

Particulars

₹ in crores

GNP at MP Subsidies

6,000 200

Depreciation

100

Net Factor income from abroad

400

Indirect Tax Solution: NDP at FC = GNP at MP- Depreciation-Net Factor income from abroad- (Indirect tax-Subsidies) = 6,000-100-400- (300-200) = ₹ 5,400 crores Question 2 Calculate GNP at MP

Particulars

₹ in crores

Domestic Income or NDP at FC Depreciation

3,200 400

Indirect Taxes

70

Net Factor income to abroad

50

Solution: GNP at MP = NDP at FC + Depreciation + Net Factor income from abroad + Indirect tax =3,200 + 400+50 + 70 = ₹ 3,720 crores Question 3 Calculate National Income or NNP at FC

Particulars

₹ in crores

GDP at MP Consumption of fixed capital

5,500 300

Goods and services tax

120

Factor income from abroad

150

Subsidies

70

Factor income to abroad

250

Solution:

National Income or NNP at FC = GDP at MP -M Consumption of fixed capital + (Factor income from abroad – factor income to abroad) – (Goods and Services tax – Subsidies) =5,500 – 300 + (150-250) – (120-70) = ₹ 5,050 crores

Calculate (a) Net National Product at MP, and (b) Gross National Disposable Income ITEMS Rs. crores a. Private final Consumption expenditure 200 b. Net indirect taxes 20 c. Change in stocks (--)15 d. Net current transfers from abroad (--)10 e. Govt. final consumption expenditure 50 f. Consumption of fixed capital 15 g. Net domestic capital formation 30 h. Net factor income from abroad 5 i. Net imports 10 (a) + (e) + (g) + (-i) = NDP MP 200 + 50+ 30 -10 280 -10 = 270 crores NNP MP = NDP MP + NFIFA 270 + 5 = 275 6. ESTIMATE NATIONAL INCOME BY (a) EXPENDITURE METHOD (b) INCOME METHOD FROM THE FOLLOWING DATA Rs. in crores 1. Private final consumption expenditure 210 2. Govt: final consumption expenditure 50 3. Net domestic capital formation 40 4. Net exports (-) 5 5. Wages & Salaries 170 6. Employer’s contribution 10 7. Profit 45 8. Interest 20 9. Indirect taxes 30 10. Subsidies 05 11. Rent 10 12. Factor income from abroad 03 13. Consumption of fixed capital 25 14. Royalty 15 Ans: National Income (NNP FC) Expenditure Method (1) + (2) + (3) + (4) = NDP MP 210 + 50 + 40 + (-5) = 295 NNP FC = NDP MP + factor Income from abroad – net Indirect tax ( Indirect tax – subsidy) 295 + 3 – (30 -5) 295 + 3 – 25 = 298 – 25 = 273 NNP FC= 273 crores Income method: (5) + (6) + (7) + (8) + (11) + (14) 170 + 10 + 45 + 20 + 10 + 15 = 270 (NDP FC) NDP FC = NDP FC + FIFA = 270 + 3= 273 crores...