From the following data calculate national income, domestic income, personal income and personal disposable income :
|
(र) |
|
|
Rent |
5,000 |
|
Wages |
30,000 |
|
Interest |
8,000 |
|
Surplus of public sector |
15,000 |
|
Profit tax |
2,000 |
|
Personal tax |
1,500 |
|
Mixed income |
4,000 |
|
Undistributed profit |
3,000 |
|
Transfer payment by government |
1,000 |
|
Dividend |
12,000 |
|
Net assets income from abroad |
7,000 |
|
Transfer from abroad |
2,500 |
National Income = Rent + Wages + Interest + Mixed income + Profit tax + Dividend + Undistributed profit + Surplus of public sector + Net assets income from abroad.
= 5,000 + 30,000 + 8,000 + 4,000 + 2,000 + 12,000 + 3,000 + 15,000 + 7,000
= 86,000
Domestic Income = National income - Net assets income from abroad
= 86,000 - 7,000 = 79,000
Personal Income = National income - Profit tax - Undistributed profit - Surplus of public sector + Transfer payment by government + Transfers from abroad
= 86,000 - 2,000 - 3,000 - 15,000 + 1,000 + 2,500
= 69,500
Personal disposable income = Personal income - Personal tax
= 69,500 - 15,00 = 68,000
How is equality of three methods
Reconcile three methods of measuring national income.
