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Net National Product at Factor Cost of a particular country in a year is Rs. 1900 crores. There are no interest payments made by the households to the firms/government to the households. The personal disposable income of the households is 1200 crores. The personal income taxes paid by them is 600 crores and the value of retained earnings of the firms and government is valued at 200 crores. What is the value of transfer payments made by the government and firms to the households? |
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Answer» Net National Product at Factor Cost of a particular country in a year is Rs. 1900 crores. There are no interest payments made by the households to the firms/government to the households. The personal disposable income of the households is 1200 crores. The personal income taxes paid by them is 600 crores and the value of retained earnings of the firms and government is valued at 200 crores. What is the value of transfer payments made by the government and firms to the households? |
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