From the following data calculate (a) GNP at FC, and (b) Net National Disposible Income (NNDI).
|
(र in Crores) |
||
|
(i) |
Net indirect tax |
800 |
|
(ii) |
Net domestic fixed capital formation |
500 |
|
(iii) |
Consumption of fixed capital |
100 |
|
(iv) |
Private final consumption expenditure |
5000 |
|
(v) |
Government final consumption expenditure |
2000 |
|
(vi) |
Net factor income to abroad |
50 |
|
(vii) |
Net exports |
(-)150 |
|
(viii) |
Change in stock |
(-)30 |
|
(ix) |
Current transfers from rest of the world |
70 |
|
(x) |
Compensation of employees |
2500 |
|
(xi) |
Current transfers to rest of world |
40 |
GDP at MP (Expenditure method)
= 500 + 100 + 5000 + 2000 + (-150) + (-30) - 7420
(a) GNP at FC = 7420 - 800 - 50 = 6570 crores
(b) NNDI = 7420 - 50 + (70 - 40) - 100 = 7300 crores
Calculate GNP at FC from the following data by (a) Income method, and (b) Expenditure method:
|
(र in crores) |
||
|
(i) |
Private final consumption expenditure |
1000 |
|
(ii) |
Net domestic capital formation |
200 |
|
(iii) |
Profits |
400 |
|
(iv) |
Compensation of employees |
800 |
|
(v) |
Rent |
250 |
|
(vi) |
Government final consumption expenditure |
500 |
|
(vii) |
Consumption of fixed capital |
60 |
|
(viii) |
Interest |
150 |
|
(ix) |
Net current transfers from rest of world |
-80 |
|
(x) |
Net factor income from abroad |
-10 |
|
(xi) |
Net exports |
-20 |
|
(xii) |
Net indirect taxes |
80 |
(a) GNP at FC (Income method)
= (iii) + (iv) + (v) + (viii) + (vii) + (x)
= 400 + 800 + 250 + 150 + 60 + (-10)
= 1650 crores
(b) GNP at FC (Expenditure method)
= (i) + (ii) + (vi) + (vii) + (x) + (xi) - (xii)
= 1000 + 200 + 500 + 60 + (-10) + (-20) - 80
= 1650 crores
From the following data, calculate national income by (a) income method, and (b) expenditure method.
|
(र in crores) |
||
|
(i) |
Interest |
150 |
|
(ii) |
Rent |
250 |
|
(iii) |
Government final consumption expenditure |
600 |
|
(iv) |
Private final consumption expenditure |
1200 |
|
(v) |
Profits |
640 |
|
(vi) |
Compensation of employees |
1000 |
|
(vii) |
Net factor income to abroad |
30 |
|
(viii) |
Net indirect taxes |
60 |
|
(ix) |
Net exports |
-40 |
|
(x) |
Consumption of fixed capital |
50 |
|
(xi) |
Net domestic capital formation |
340 |
(a) National income (Income method)
= 150 + 250 + 640 + 1000 - 30 = 2010 crores
(b) GDP at MP (Expenditure method)
= 600 + 1200 + (-40) + 340 + 50 = 2150 crores
National Income (NNP at FC)
= GDP at MP -(x) + (vii) - (viii)
= 2150 - 50 + (-30) - 60 = 2010 crores.
|
(र in 1000 crore) |
||
|
(i) |
Compensation of employees |
800 |
|
(ii) |
Profits |
200 |
|
(iii) |
Dividends |
50 |
|
(iv) |
GNP at MP |
1400 |
|
(v) |
Rent |
150 |
|
(vi) |
Interest |
100 |
|
(vii) |
Gross domestic capital formation |
300 |
|
(viii) |
Not fixed capital formation |
200 |
|
(ix) |
Change in stock |
50 |
|
(x) |
Factor income from abroad |
60 |
|
(xi) |
Net indirect taxes |
120 |
(a) GDP at FC = NDP at FC + Depreciation
= (800 + 200 + 150 + 100) + (300 - 200 - 50)
= 1300 crore
(b) Net factor income from abroad = GNP at MP - GDP at MP
= 1400 - (1300 + 120) = - 20
Factor income to abroad = Factor income from abroad - Net factor income from abroad
= 60 - (- 20)
= 80 crore.
Calculate (a) 'National Income', and (b) 'Private Income' from the following data:
|
(र in crores) |
||
|
(i) |
Net current transfers to the rest of the world |
10 |
|
(ii) |
Private final consumption expenditure |
600 |
|
(iii) |
National debt interest |
15 |
|
(iv) |
Net exports |
(-) 20 |
|
(v) |
Current transfers from government |
5 |
|
(vi) |
Net domestic product at factor cost accruing to government |
25 |
|
(vii) |
Government final consumption expenditure |
100 |
|
(viii) |
Net indirect tax |
30 |
|
(ix) |
Net domestic capital formation |
70 |
|
(x) |
Net factor income from abroad |
10 |
GDP at MP (Expenditure method) = 600 + (-20) + 100 + 70 = 750
NDP at FC = 750 - 30 - Zero depreciation = 720
(a) National Income (NNP at FC) = 720 + 10 = 730 crores
(b) Private Income = National income - (vi) + Transfer incomes [(iii) + (v) + (i)]
= 730 - 25 + (15 + 5 - 10) = 715 crores
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