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Calculate (i) GDPmp; (ii) Personal income; (iii) personal disposable income

HeadsAmount in Rs. crores
1. National income64500
2. Net indirect taxes 5500
3. Corporate taxes 1200
4. Part of N.I accuring to government1550
5. Net factor income from abroad–150
6. Depreciation7250
7. Interest on national debt450
8. Undistributed Corporate profits2500
9. Personal taxes1650
10. Net current transfers from abroad–200
11. Transfer payment1600

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(i) GDPmp = N.I. + Net indirect taxes + depreciation – net factor income from abroad 

= 64500 + 5500 +7250 – (–150) 

= Rs. 77400 crores.

(ii) Personal income = NI – corporate taxes – part of national income arising to government sector + interest on national debt – undistributed profit + current transfers from abroad + transfer payments by govt. 

= 64500 – 1200 – 1550 + 450 – 2500 + (–200) + 1600 

= Rs. 61100 crores.

(iii) Personal disposable income = Personal income – Direct personal taxes 

= 61100 – 1650 = Rs. 59450 crores.

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