Gross National Product Sample Assignment

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Gross National Product Sample Assignment

Calculate: (a) GNPMP, (b) NNPMP, (c) NDPMP,(d) NDPFC, (e) Income from domestic product accruing to the private sector, (f) Private income, (g) Personal income, and (h) Personal disposable income form the data given below:


S.No

(i) Gross national product at factor cost                                                               95,131
(ii)Indirectaxes                                                                                                   14,709
(iii)Subsidies                                                                                                       2,525
(iv)Consumption of fixed capital                                                                             6,625
(v)Bet factor income from abroad                                                                              153
(vi)income from entrepreneurship and property
   accruing to government administrative departments                                               1,981
(vii)Saving of non-departmental enterprises                                                                 344
(viii)National debt interest                                                                                       1,008
(ix)Current transfers from government
administrative departments                                                                                     2,392
(x) Other current transfers from the rest
  of-the world (net)                                                                                                  1,624
(xi) Saving of private corporate sector net of retained
 earnings of foreign companies                                                                                   990
(xii) Corporation tax                                                                                                1, 392
(xiii)Direct taxes paid by households                                                                         1,995
(xiv)Miscellaneous receipts of government
administrative departments                                                                                         282



Solution:

     (a)  Gross National Product at                       GNPFC + Indirect taxes-Subsidies
            Market prices                                        =    95,131 + 14,709-2,525 = Rs. 1.07,315 crores.
  
  (b) Net National Product at                                GNPMP- Depreciation
            Market prices                                        =    1, 07,315-6,625 =Rs. 1.00,690 crores.
  
   (c) Net Domestic Product at                             NNPMP – NFIA
            Market prices                                        =    1,00,690-153= Rs. 1,00,537 crores
   
  (d) Net Domestic Product at                              NDPMP- Indirect taxes + Subsidies
           Factor cost                                              =   1,00.537-14,709 + 2,525 = Rs. 88,353 crores
  
   (e) Income from domestic                                NDPFC – Income from property and
           Product accruing to private                       entrepreneurship accruing to govermrnt-Saving
           Sector                                                           of non-departmental enterprises
                                                                             =    88,353- 1,981-344 = Rs. 86,028 crores.
  
   (f) Private Income                                           =    Private sector income + National debt interest +
                                                                                   Net factor income form abroad +Current transfers
                                                                                   Form government + Other current transfers from
                                                                                   The rest-of-the world
                                                                              =    86,028+ 1,008 +153 +2,392 +1,624
                                                                              =    Rs.91, 205 crores.
   
  (g) Personal Income                                       =  Private income- Saving of private corporate sector
                                                                                   - Net of retained earnings of foreign companies-
                                                                                   Corporation tax
   
                                                                              =   91,205- 990- 1,392 = Rs. 88,823 crores.
     (h) Personal Disposable                            =  Personal income –Direct taxes paid by households
           Income                                                         -Miscellaneous receipts of the government
                                                                               =  88,823 -1, 995-282 =Rs. 86,546 crores.


  

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