National Income and Related Aggregates (CBSE Class-12 Economics): Questions 16 - 18 of 68

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Question number: 16

» National Income and Related Aggregates » National Disposable Income

Essay Question▾

Describe in Detail

Calculate Gross National Disposable Income and Personal Income from the given data:

data to calculate Gross National Disposable Income and Personal Income

it shows particulars with its amount

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 –11) + (7 – 9 + 10) – 8 – 3

= 1000 - 80 + 70 – (- 20) + 30 – 40 –… (5 more words) …

Question number: 17

» National Income and Related Aggregates » Methods of Calculating National Income » Expenditure Method

Short Answer Question▾

Write in Short

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.

Question number: 18

» National Income and Related Aggregates » National Disposable Income

» National Income and Related Aggregates » Gross National Product

Short Answer Question▾

Write in Short

Calculate Gross National Product at Market Price and Personal Disposable Income from the following data

information to calculate Gross National Product at Market Price and Personal Disposable Income

various data and their amount in Rs. is given for calculation

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

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