Question

16. Calculate National Income. Particulars (i) Mixed income of self employed (ii) (iii) (iv) Old age pension Dividends Operating surplus (v) Wages and salaries (vi) (vii) Profits Employers' contribution to social security schemes (viii) Net factor income from abroad (ix) Consumption of fixed capital (x) Net indirect taxes in crores 200 20 100 900 500 400 50 -10 50 50​

Answer 1

Answer:

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Explanation:

Answer 2

Answer:

Gross National Product at Market Price = Wages and salaries + Social security contribution by employers + Operating surplus + Mixed income of self employed + Depreciation − Net Factor Income to Abroad + Net Indirect taxes

Gross National Product at Market Price =800+100+200+500+30−(−20)+70

Gross National Product at Market Price =Rs1,720crore

Personal Income = Personal disposable income + Personal tax Personal Income =1200+150

Personal Income =Rs1,350crore

Explanation:

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