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InterviewSolution
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Calculate National Income and Personal Disposable Income :(Rs. in crore)(i) Corporation Tax100(ii) Private Final Consumption Expenditure900(iii) Personal Income Tax120(iv) Government Final Consumption Expenditure200(v) Undistributed Profits50(vi) Change in Stocks(-) 20(vii) Net Domestic Fixed Capital Formation120(viii) Net Imports10(ix) Net Indirect Tax150(x) Net Factor Income from Abroad(-) 10(xi) Private Income1,000 |
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Answer» GDPMP= Private Final Consumption Expenditure +Government Final Consumption Expenditure + (Net Domestic Fixed Capital Formation + Depreciation Change in Stock) - Net ImPorts =900 + 200 + [120 + 0 + (-20)] -10 = 1,190 NNPFC = GDPMP + Net Factor Income from Abroad - Net Indirect Tax - Depreciation = 1,790 + (-10) - 150- 0 = 1,030 Hence, National Income =Rs.1,030 crore Now; Personai Disposable Income = Private Income - Undistributed Profits - Corporate Tax - Personal Direct Taxes = 1,000 - 50 - 100 -120 = 730 Thus, Personal Disposable Incorne = Rs.730 crore |
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