NetNational Product at Factor Cost of a particular country in a year isRs 1,900 crores. There are no interest payments made by thehouseholds to the firms/government, or by the firms/government to thehouseholds. The Personal Disposable Income of the households is Rs1,200 crores. The personal income taxes paid by them is Rs 600 croresand the value of retained earnings of the firms and government isvalued at Rs 200 crores. What is the value of transfer payments madeby the government and firms to the households?

NetNational Product at Factor Cost of a particular country in a year i

1.	NetNational Product at Factor Cost of a particular country in a year isRs 1,900 crores. There are no interest payments made by thehouseholds to the firms/government, or by the firms/government to thehouseholds. The Personal Disposable Income of the households is Rs1,200 crores. The personal income taxes paid by them is Rs 600 croresand the value of retained earnings of the firms and government isvalued at Rs 200 crores. What is the value of transfer payments madeby the government and firms to the households?
Answer» Net National Product at Factor Cost of a particular country in a year is Rs 1,900 crores. There are no interest payments made by the households to the firms/government, or by the firms/government to the households. The Personal Disposable Income of the households is Rs 1,200 crores. The personal income taxes paid by them is Rs 600 crores and the value of retained earnings of the firms and government is valued at Rs 200 crores. What is the value of transfer payments made by the government and firms to the households?