Calculate (a) 'National Income', and (b) 'Private Income' from the following data:
|
(र in crores) |
||
|
(i) |
Net current transfers to the rest of the world |
10 |
|
(ii) |
Private final consumption expenditure |
600 |
|
(iii) |
National debt interest |
15 |
|
(iv) |
Net exports |
(-) 20 |
|
(v) |
Current transfers from government |
5 |
|
(vi) |
Net domestic product at factor cost accruing to government |
25 |
|
(vii) |
Government final consumption expenditure |
100 |
|
(viii) |
Net indirect tax |
30 |
|
(ix) |
Net domestic capital formation |
70 |
|
(x) |
Net factor income from abroad |
10 |
GDP at MP (Expenditure method) = 600 + (-20) + 100 + 70 = 750
NDP at FC = 750 - 30 - Zero depreciation = 720
(a) National Income (NNP at FC) = 720 + 10 = 730 crores
(b) Private Income = National income - (vi) + Transfer incomes [(iii) + (v) + (i)]
= 730 - 25 + (15 + 5 - 10) = 715 crores
