Question

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

Answer 1

Gross National Product at Market Price $=$ Wages and salaries $+$ Social security contribution by employers $+$ Operating surplus $+$ Mixed income of self employed $+$ Depreciation $-$ Net Factor Income to Abroad $+$ Net Indirect taxes
Gross National Product at Market Price $=800+100+200+500+30-(-20)+70$
Gross National Product at Market Price $=Rs1,720crore$
Personal Income $=$ Personal disposable income $+$ Personal tax Personal Income $=1200+150$
Personal Income $=Rs1,350crore$