Question

Find out (a) Net National product at a Market price and (b) Gross National Disposable Income:

	(Rs. in crore)
(i) Wages and Salaries	700
(ii) Rent	100
(iii) Net Current transfers to Abroad	10
(iv) Net Indirect Tax	70
(v) Royalty	50
(vi) Profits	300
(vii) Net Factor Income to Abroad	(-) 20
(viii) Consumption of Fixed Capital	120
(ix) Social Security Contribution by Employers	60
(x) Social Security Contribution by Employees	40
(xi) Interest	400

Answer 1

(i) NNP_MP = (i) + (ii) + (v) + (vi) + (ix) + (xi) + (iv) - (vii)

=700+100+50+300+60+400+70-(-20)

=Rs.1,700 crore

(ii) GNDI= GNP_MP - Net Current Transfers to Abroad

=NNP_MP+(viii) - (iii)

=1,700+120-10

=Rs.1,810 crore