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Calculate 'Net National Product at Market Price' and 'Personal Income'* * :(Rs.crores) (i) Transfer payments by government 7(ii) Government final consumption expenditure 50(iii) Net imports (-)10(iv) Net domestic fixed capital formation 60 (v) Private final consumption expenditure 300 (vi) Private income 280(vii) Net factor income to abroad (-)5(viii) Closing stock 8(ix) Opening stock 8(x) Depreciation 12(xi) Corporate tax 60(xii) Retained earnings of corporations 20 |
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Answer» Solution :`N NP_(MP)` = PRIVATE final consumption expenditure + Government final consumption expenditure + (Net DOMESTIC fixed capital formation + depreciation) + CHANGE in stock - Net imports - depreciation - Net FACTOR income to abroad `N NP_(MP)=300+50+60+12+(8-8)-(-10)-12-(-5)` `N NP_(MP)`=Rs.425 CRORE |
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