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Calculate Net National Product at fc and Gross National Disposable Income from the following: (i) Saving of non departmental enterprises 50 (ii) Income from property & entrepreneurship accruing to the govt. Admn. Dept. 70(iii)Personal tax90(iv)National debt interest 20(v)Retained earnings of private corporate sector10 (vi) Current transfer payments by govt.40(vii)Consumption of fixed capital 60(viii) Corporate tax30(ix) NIT80(x) Net Current transfer from rest of the world(-)10(xi) Personal Disposable Income1000 |
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Answer» PDI = Personal income – personal tax 1000 = PI – 90 = 1090 Personal Income = private income – viii) + v) 1090 = Pvt Income – 30 – 10 1130 = Pvt Income Pvt income = pvt sector' income + NFIA + National debt interest + vi) + x) 1130 = pvt sector’s income + 0 + 20 + 40 + (- 10) 1130 - 50 = 1080 = pvt sector’s income NNPfc = 1080 + i) + ii)+ NFIA = 1080 + 50 + 70 +0 NNPfc = 1200 GNDI = GNPmp + net current transfer from abroad = 1200 + 60 + 80 + (-10) GNDI = 1330 |
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