National Income and Related Aggregates [CBSE (Central Board of Secondary Education) Class-12 Economics]: Questions 15 - 18 of 68
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Question 15
Question 16
Describe in Detail Subjective▾
Calculate Gross National Disposable Income and Personal Income from the given data:
No. | Particulars | (Rs crores) |
1 | Personal tax | 120 |
2 | Net indirect tax | 100 |
3 | Corporation tax | 90 |
4 | National income | 1000 |
5 | Net factor income from abroad | 5 |
6 | Consumption of fixed capital | 50 |
7 | National debt interest | 70 |
8 | Retained earnings of private corporate sector | 40 |
9 | Net current transfers to the rest of the world | -20 |
10 | Current transfers from government | 30 |
11 | Share of government in national income | 80 |
Explanation
GNDI = 4 + 2 + 6 – 9
= 1000 + 100 + 50 – (-20)
= Rs 1170 crores
Personal Income = (4 –…
… (13 more words) …
Question 17
Write in Short Short Answer▾
Why are exports included in the estimation of domestic product by the expenditure method? Can gross domestic product be greater than gross national product? Explain.
EditQuestion 18
Write in Short Short Answer▾
Calculate Gross National Product at Market Price and Personal Disposable Income from the following data
No. | particulars | Amount |
1 | Subsidy | 20 |
2 | Net factor income from abroad | (–) 60 |
3 | Gross national disposable income | 1050 |
4 | Personal Tax | 110 |
5 | Savings of private corporations | 40 |
6 | National income | 900 |
7 | Indirect tax | 100 |
8 | Corporation tax | 90 |
9 | Net national disposable income | 1000 |
10 | National debt interest | 30 |
11 | Net current transfers from abroad | 20 |
12 | Current transfers from government | 50 |
13 | Miscellaneous receipts of the government administrative departments | 30 |
14 | Private income | 700 |