Question

Calculate the national income and personal disposable income from the following information:

GDPmp 6,000

Receipts of factor income from the rest of the world 150

Payments of factor income to the rest of the world 225

Depreciation 800

Indirect taxes minus subsidies 700

Corporate Profits 1200

Dividend 600

Transfer payments to persons 1300

Personal Taxes 1500
​

Answer 1

Explanation:

Calculate subsidies:

Particulars Rs. in crores

(i) GDP at FC

(ii) Indirect taxes

(iii) Factor income to abroad

(iv) NNP at MP

(v)Factor income from abroad

(vi) Depreciation 55,000

4,000

600

55,000

1,300

2,500

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