Join Sarthaks eConnect Today - Largest Online Education Community!
0 votes
9 views
asked in Economics by (65.1k points)

Calculate (i) GNP at market prices; (ii) private income; (iii) personal income.

HeadsAmount in Rs. crores
1. GDPfc370
2. Income from domestic product accruing to private sector290
3. Net current transfers from abroad50
4. Net indirect taxes60
5. Net other current transfers from abroad 35
6. Net factor income from abroad–30
7. Saving of the private corporate sector25
8. Corporation tax 5

1 Answer

+1 vote
answered by (68.2k points)
selected by
 
Best answer

(i) GNPmp = (1) + (4) + (6) = 370 + 60 + (–30) 

= Rs. 400 crores.

(ii) Private income = (2) + (3) + (5) + (6) 

= 290 + 50 + 35 + (–30) = Rs. 345 crores.

(iii) Personal income = Private income – (7) – (8) 

= 345 – 25 – 5 = Rs. 315 crores.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

One Thought Forever

“There is a close connection between getting up in the world and getting up in the morning.“
– Anon
~~~*****~~~

Categories

...