Calculate (a) Domestic Income; (b) National Income GDP at MP ₹ 70,150 Indirect taxes ₹ 5,200
Calculate (a) Domestic Income; (b) National Income.
| Particulars | ₹ in Crores |
| (i) GDP at MP | 70,150 |
| (ii) Indirect taxes | 5,200 |
| (iii) Factor income from abroad | 800 |
| (iv) Consumption of Fixed Capital | 3,100 |
| (v) Factor income to abroad | 300 |
| (vi) Subsidies | 4,000 |
Ans: (a) ₹ 65,850 Crores; (b) ₹ 66,350 Crores
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
(a)
Domestic Income (NDP at FC) = GDP at MP – Consumption of Fixed Capital – (Indirect taxes – Subsidies)
Domestic Income (NDP at FC) = (i) – (iv) – [(ii) – (vi)]
Domestic Income (NDP at FC) = ₹ 70,150 – ₹ 3,100 – [₹ 5,200 – ₹ 4,000]
Domestic Income (NDP at FC) = ₹ 65,850 Crores
(b)
National Income (NNP at FC) = GDP at MP – Consumption of Fixed Capital + (Factor income from abroad – Factor income to abroad) – (indirect taxes – Subsidies)
National Income (NNP at FC) = (i) – (iv) + [(iii) – (v)] – [(ii) – (vi)]
National Income (NNP at FC) = ₹ 70,150 – ₹ 3,100 + [₹ 800 – ₹ 300] – [₹ 5,200 – ₹ 4,000]
National Income (NNP at FC) = ₹ 66,350 Crores
Anurag Pathak Changed status to publish November 12, 2023
