Calculate National Income and (Personal Disposable Income) : S.No. Particular Amount ₹ in crore (i) Corporation tax (ii) Private final consumption expenditure 100 (iii) Personal Income tax 900 (iv) Government final consumption expenditure 120 (v) Undistributed profits 50 (vi) Change in stocks (-)20 (vii) Net domestic fixed capital formation 120 (viii) Net imports 10 (ix) Net indirect tax 150 (x) Net factor income from abroad (-)10 (xi) Private income 1000

CBSE 2016 Class 12 Economics Outside Delhi Set-3 - Question 4

CBSE 2016 Class 12 Economics Outside Delhi Set-3

Question : 4 of 4

Marks: +1, -0

Calculate National Income and (Personal Disposable Income) :

S.No.	Particular	Amount ₹ in crore
(i)	Corporation tax
(ii)	Private final consumption expenditure	100
(iii)	Personal Income tax	900
(iv)	Government final consumption expenditure	120
(v)	Undistributed profits	50
(vi)	Change in stocks	(-)20
(vii)	Net domestic fixed capital formation	120
(viii)	Net imports	10
(ix)	Net indirect tax	150
(x)	Net factor income from abroad	(-)10
(xi)	Private income	1000

Solution:

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)}

=\;1100+(120-20)-10

=\;1100+(100)-10

=\;1200-10

=\;1190 .

{\NNP}_{ {\FC}}= {\GDP}_{ {\MP}}+

Net factor income from abroad-net indirect tax-depreciation

\;=1190+(-10)-150-0

\;=1190+(-160)

\;=1190-160

\;=1030

\;\text " National income "\;\;=₹ 1030 \;\text " crores. "\;

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