Calculate (i) GNP at market prices; (ii) private income; (iii) persona

1.	Calculate (i) GNP at market prices; (ii) private income; (iii) personal income.HeadsAmount in Rs. crores1. GDPfc3702. Income from domestic product accruing to private sector2903. Net current transfers from abroad504. Net indirect taxes605. Net other current transfers from abroad 356. Net factor income from abroad–307. Saving of the private corporate sector258. Corporation tax 5
Answer» (i) GNP_mp = (1) + (4) + (6) = 370 + 60 + (–30) = Rs. 400 crores. (ii) Private income = (2) + (3) + (5) + (6) = 290 + 50 + 35 + (–30) = Rs. 345 crores. (iii) Personal income = Private income – (7) – (8) = 345 – 25 – 5 = Rs. 315 crores.

Calculate (i) GNP at market prices; (ii) private income; (iii) personal income.HeadsAmount in Rs. crores1. GDPfc3702. Income from domestic product accruing to private sector2903. Net current transfers from abroad504. Net indirect taxes605. Net other current transfers from abroad 356. Net factor income from abroad–307. Saving of the private corporate sector258. Corporation tax 5

Answer»

(i) GNP_mp = (1) + (4) + (6) = 370 + 60 + (–30)

= Rs. 400 crores.

(ii) Private income = (2) + (3) + (5) + (6)

= 290 + 50 + 35 + (–30) = Rs. 345 crores.

(iii) Personal income = Private income – (7) – (8)

= 345 – 25 – 5 = Rs. 315 crores.

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