Calculate 'private income' from the following data:
(₹in crores)
(i) National debt interest— 30
(ii) Gross national product at MP— 400
(iii) Current transfers from government —20
(iv) Net indirect taxes —40
(v) Net current transfers from rest of the world —(-) 10
(vi) Net domestic product at FC accruing to government— 50
(vii) Consumption of fixed capital —70
(₹in crores)
(i) National debt interest— 30
(ii) Gross national product at MP— 400
(iii) Current transfers from government —20
(iv) Net indirect taxes —40
(v) Net current transfers from rest of the world —(-) 10
(vi) Net domestic product at FC accruing to government— 50
(vii) Consumption of fixed capital —70
Answers & Comments
Answer:
Private income = GNP at MP - (vi) + 30 + 20 + (-10) - 40 - 70
= 400 - 50 + 30 + 20 - 10 - 40 - 70 = 280 crores
Explanation:
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