Calculate Net National Product at Factor Cost and private income from the following (Delhi 2014), 34. 2. 3. Ans. For all your queries contact us at js.jayati@gmail.com. (ii)Earning of shareholders from the sale of shares will not be included while National Income, as it will be considered as transfer payment. 3. (ii) It is included in the estimation of National Income as it is a part of profit. • Calculate . (vi) Net current transfer received from abroad 20, 5.Calculate NNPFC, net National Disposable Income and Gross National Disposable, (iii) Net current transfer received from rest of the world (-)20, (vi) Net factor income paid to the rest of the world (-)10, 6. = 1220-270 = Rs. When will the domestic income be greater than the national income? at the net national product at factor cost.
(a) Gross Domestic Product at Factor Cost (GDPFC) = Government Final Consumption Expenditure Calculate Net Value Added at Factor Cost (Delhi 2012), 6. Income from property and entrepreneurship to gov. = 500+ (80-60)-350-90-50 = Net Value Added by Primary Sector + Net Value Added by Secondary Sector Net Value Added at Factor Cost (NVAFC) = Sales + Change in Stock (Closing Stock- Opening Stock)- Purchase of Intermediate Goods – Consumption of Fixed Capital – Indirect Tax 7. = Rs. 60 lakh, 18.Calculate Net Value Added at Factor Cost from the following data, Ans. 4. (ii) Payment of interest by a government firm should ‘not’ be included in the estimation of National Income, as it is a transfer payment. (iii) Brokerage on the sale/purchase of shares and bonds is to be included. = Rs. Here, final products are only those products which are ready for end use or consumption by their final users (consumers or producers).
Calculate = 560-45 = Rs. 30 crore, 12. = 900 + 400 + 250-30-100-20 + (-40) 90 lakh, 15. (3), 4. vegetable grown in the backyard of the house. (ii) Operating surplus (rent, profit and interest)
(i) Net Indirect Taxes ITEMS Rs. Ans. 330 lakh, 21. (i)Interest on a car loan paid by an individual. = 200-[80+ 20+ (15 -5)] (a) Income method and (ii) Prize won in a lottery. You must give reason for your answer. (ii) Interest on a car loan paid by a government owned company. a) Rent received by resident Indian from his property in Singapore. False, gross domestic capital formation can be less than gross fixed capital formation if, 2. (b) Net National Disposable Income = GDPFC+ Net Indirect Tax – Net Factor Income to Abroad – Net Current Transfers to Abroad – Depreciation (i) Capital gain on sale of a house. From the following data calculate Net Value Added at Factor Cost (Delhi 2011 c), Ans. Ans. Find Out (a) Personal Income and (b) Personal Disposable Income from following.
(i) Income from illegal activities like smuggling, theft, gambling, etc, should not be included. = 4100 -2150 Value Added Method/Product Method/Output Method By this method, the total value of all the final goods and services produced in an economy during a given time period are estimated to obtain the value of domestic income.
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