calculate gross national product at market price by income method and expenditure method

Calculate Gross National Disposable Income The Following Data: Private Income and (b) Personal disposable income. National income does not consider the level of prices of the country. It is a money value of all final goods and services produced by a country during an accounting year including net factor income from abroad. compensation to employee such compensation to employee is paid for the productive services in the economy, it is included in the national income. ), (X-M)= Net Export (Difference between import and export), Cite this article as: Palistha Maharjan, "Three Approaches to measuring National Income," in, Three Approaches to measuring National Income, https://www.businesstopia.net/economics/macro/three-approaches-measuring-national-income, Measurement Difficulties of National Income, Keynesian Psychological Law of Consumption, Employment and Output Determination under Classical System, First Fiscal Model and Equilibrium Level of Income/Output, Second Fiscal Model and Equilibrium Level of Income/Output, Income and Output Determination: Two Sector Economy, Income and Output Determination: Three Sector Economy, Income and Output Determination: Four Sector Economy, Microeconomics and Macroeconomics: Basic Differences, Keynesian Model of Income and Output Determination, Marginal Efficiency of Capital (MEC) and Investment Demand Function. Non marketing activities refer to acquiring of many final goods and services not through regular market transactions. Expenditure Approach.

Concepts and aggregates related to national income.

Explain. Calculate Gross National Disposable Income from the following. 295 + 3 – 25 = 298 – 25 = 273 NNP FC= 273 crores Income method: 170 + 10 + 45 + 20 + 10 + 15 = 270 (NDP FC), NDP fc = NDP fc + FIFA = 270 + 3= 273 crores. Net Investment = Gross investment – depreciation. Dissolution of Partnership Firm Notes Class 12 Accountancy. GNP computed at constant prices (base year price) is called real GNP. ), Factor Income from NDP Accruing to private. Calculate Gross National Disposable Income And net National Disposable Income from the Following Data: Net current transfers from rest of the world (-)20, Net current transfer received from abroad 20, Net current transfer received from rest of the world (-)20, Net factor income paid to the rest of the world (-)10. Saving of non-departmental enterprises, 400 + 200 + 500 = 1100 crores NNDI = NDP fc + (12) + (1) + (11), =1100 + (-50) + 90 + 20 NNDI = 1210 – 50 = 1160 crores, 1160 -40 – 30=1090 crores 1090 + 7 + 9 +11 +12 1090 + 70 + 60 + 20 + (-50) = 1190 crores, Personal income = Private Income – Corporation Profit Tax – Savings of private corporate sectors, Ans Private Income = 1 + 5 + 7 -9 + 10 + 12 300 + 20 + 15 -30 + 40 + 05 Private Income = 350 crores Personal Income = Private income – 8 – 13 = 350 – 25 – 80 Personal Income = 245 crores PDI = Personal Income – 11 245 – 20 PDI = 225 crores, Accruing to government administrative departments 50, 700 + 60 – 10 + 45 + 40= 805 -10 + 40 GNDI = 835 crores b) Private Income = 1 – 5 -10 + 6 +11, 700 – 50 -25 + 45 +70 Private Income = 740 crores c) PDI = Private Income – 14 – 9 – 8 740 – 35 – 60 – 50 PDI = 594 crores.

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