CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Income Tax and Related Terms

Calculate 'Ne...

Question

Calculate 'Net National Product at Factor Cost' and 'Gross National Disposable income' from the following:
(Rs in Arab)
(i) Social security contributions by employees90
(ii) Wages and salaries 800
(iii)Net current transfers to abroad (-)30
(iv)Rent and royalty 300
(v) Net factor income to abroad 50
(vi) social security contributions by employers 100
(vii) Profit 500
(viii) Interest 400
(ix) Consumption of fixed capital 200
(x) Net indirect tax 250

Open in App

Solution

$N N P^{f o} =$ Wages and salaries +social security contribution by employers + rent and royalty+ profit+ interest- net factor income to abroad
=800+100+300+500+400-50
=Rs2050Arab
Also, Gross National Disposable Income= $N N P^{f o}$ $+$ NIT-net current transfers to the rest of the world+consumption of fixed capital
=2050+250-(30)+200
=Rs2530Arab.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Calculate the Gross National Product at Market Price and Personal Income :

		(Rs crores)
i)	Wages and salaries	800
ii)	Personal tax	150
iii)	Operating surplus	200
iv)	Undistributed profits	10
v)	Social security contributions by employers	100
vi)	Corporate tax	50
vii)	Net factor income to abroad	(-)20
viii)	Personal disposable income	1,200
ix)	Net indirect tax	70
x)	Consumption of fixed capital	30
xi)	Mixed income of self-employed	500
xii)	Royalty	9

Q. Calculate (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost.

(i) Rent and interest	(Rs. in crores) $6, 000$
(ii) Wages and salaries	$1, 800$
(iii) Undistributed profit	$400$
(iv) Net indirect taxes	$100$
(v) Subsidies	$20$
(vi) Corporation tax	$120$
(vii) Net factor income to abroad	$70$
(viii) Dividends	$80$
(ix) Consumption of fixed capital	$50$
(x) Social security contribution by employers	$200$
(xi) Mixed income	$1, 000$

Q. Find national income and private income:

Sr.No	Particle	Rs Crores
i.	Wages and Salaries	$1, 000$
ii.	Net current transfers to abroad	$20$
iii.	Net factor income paid to abroad	$10$
iv.	Profit	$400$
v	National Debt Interest	$120$
vi.	Social Security contributions by employers	$100$
vii.	Current transfers from government	$60$
viii.	National Income accruing to government	$150$
ix.	Rent	$200$
x.	Interest	$300$
xi.	Royalty	$50$

Q. Calculate (a) National Income, and (b) Net National Disposable Income. (Rs in crores)
(i) Compensation of employees 2,000
(ii) Rent 400
(iii) Profit 900
(iv) Dividend 100
(v) Interest 500
(vi) Mixed income of self-employed 7,000
(vii)Net factor income to abrorad 50
(viii)Net exports 60
(ix) Net indirect taxes 300
(x) Depreciation 150
(xi) Net current transfers to abroad 30

Q. Calculate National Income or NNP at FC:

Particulars	Rs. in crores
(i) GDP at MP (ii) Indirect Taxes (iii) Net Factor income from abroad (iv) Consumption of Fixed Capital (v) Subsidies	4,800 300 80 200 60

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Income Tax Structure

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Income Tax and Related Terms

Standard IX Mathematics

Join BYJU'S Learning Program

CrossIcon