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Questions
NUMERICAL PROBLEMS OF NATIONAL INCOME:-.
1. Calculate net value added at market price of a firm: ITEMS
(Rs. IN THOUSAND)
i. Sale
800
ii. Change in stock
-30
iii. Depreciation
70
iv. Net in direct taxes
80
v. Purchase of machinery
150
vi. Purchase of intermediate product.
450
Value of output = Sale + Change in stock
800 + (-) 30 = 770/Gross Value added at mp = Value of Output - Purchase of intermediate product.
770 - 450 = 320/Net Value added at mp = Gross Value added at mp - Depreciation
Ans. 320 - 70 = 250/ thousand.
2. Calculate net value added at market price of a firm: ITEMS
(Rs. IN LAKHS)
i. Value of output
400
ii. Change in stock
50
iii. Depreciation
20
iv. Net in direct taxes
25
v. Intermediate cost
200
vi. Export
10
Ans. Rs. 180 Lakhs.
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3. Calculate personal disposable income from the given data: ITEMS
(Rs. in crores )
i. Net current transfered from rest of the world.
3
ii. Private income
200
iii. Personal taxes
30
National debt interest
5
Corporate profit tax
20
Undistributed profit.
10
Ans. Rs. 140 Crores
4. Calculate personal disposable income from the given data: ITEMS
(Rs. in crores )
i. Net current transferred from rest of the world.
15
ii. Net domestic product accruing to private sector.
500
iii. Net factor income from abroad.
(-)10
iv. National debt interest
40
v. Corporate profit tax
55
vi. Undistributed profit of corporation
20
vii. Net current transferred from Govt..
15
Ans. Rs. 485 Crores
5. Calculate net value added at factor cost of a firm: ITEMS
(Rs. IN LAKHS)
i. Sale
140
ii. Change in stock
(-)10
iii. Depreciation
20
iv. Export
7
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v. Intermediate cost
90
vi. Subsidies
5
vii. Import of raw material
3
Ans. Rs. 25 Lakhs
6. Calculate personal income: ITEMS
(Rs. IN LAKHS)
i. Sales
500
ii. Purchase of intermediate goods
350
iii. Opening stock
60
iv. indirect taxes
50
v. CFC
90
vi. Import of raw materials
85
vii. Closing stock
80
Ans. Rs. 30 Lakhs.
7. Calculate ' Personal income from the following data: ITEMS
(Rs. IN LAKHS)
i. Retained earning of private corporation.
20
ii. Miscellaneous receipts of government.
50
iii. Personal disposable income.
200
iv. Personal taxes
30
v. corporate profit tax
10
Ans. Rs. 280 Crores.
8. Calculate Gross National Disposable income and Personal income; ITEMS
(Rs. IN Crores)
i. Net factor income from abroad.
(-)50
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ii. Net indirect taxes
110
iii. Current Transferred by the government
40
iv. Corporate taxes
60
v. Net domestic product at market price
800
vi. National debt interest
80
vii. NCT from abroad.
10
viii. Consumption of fixed capital
50
ix. Domestic product accruing to govt.
70
x. Retain earning of private corporation.
10
Ans. GNDI Rs. 900 Croresd. PI = 720 RS.
9. From the following data, Calculate
a. National Income
b. Personal disposable income
ITEMS
(Rs. IN Crores)
i. Compensation of employee
1200
ii. Rent.
400
iii. Profit
800
iv. CFC
300
v. M I
1000
Vi. Private income
3600
vii. NFIA
-50
viii. Net retained earnings of private enterprises.
200
ix. Interest
250
x. N I T
350
xi. Net Export.
-60
xii. Direct txes
150
Xiii. Corporation tax.
100
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Ans. NI Rs. 3600 Crores. PI = 3150 RS.
10. From the following data, Calculate
a. National Income
b. Private income : ITEMS
(Rs. IN Crores)
i. N C T from ROW
10
ii. Private final consumption expenditure
600
iii. National debt interest
15
Iv. Net export
(-) 20
v. C T from government.
5
Vi. Net domestic product at factor cost accruing to
government.
25
Vii. Government final consumption expenditure
100
viii. Net indirect taxes,
30
ix. Net domestic capital formation,
70
x. Net factor income from abroad.
10
11. Calculate " Gross national product at market price ' and Personal income' from the following data: ITEMS
(Rs. IN Crores)
i. Corporation tax
35
ii. Wages and salaries.
200
iii. National debt interest
25
iv. Operating surplus.
400
v. N C T from abroad.
15
vi. Net factor income from abroad.
(-) 10
vii. C F C
20
viii. Social security contribution by employers
30
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ix. Net indirect taxes
40
x. C T from Govt.
5
xi. Net domestic product at factor at cost
500
accruing to private sector.
12. Gross national product at market price and Net National disposable income: ITEMS
(Rs. IN Crores)
i. N C T from abroad.
(-)10
ii. Compensation of employee.
800
iii. N I T
50
iv. S S contribution by employers.
80
v. consumption of fixed capital
30
vi. Rent.
300
vii. N F I A
10
Viii. Profit after tax
400
ix. Retained earning
20
x. Corporation tax
50
xi. Royalty
40
xii. national debt interest.
14
xiii. Interest paid by production unit.
400
13. Calculate (a) GNP at MP and Net National disposable income : ITEMS
(Rs. IN Crores)
i. N C T from R O W
-10
ii. C Employee
800
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iii. G F C E N I T
50
iv. P F C E , C F C
80
v. Profit, social security contribution.
30
vi. Rent
300
vii. N F I A
10
Viii. Interest paid by production unit.
400
IX. Royalty
40
X. National debt interest.
14
xi. Profit after tax.
250
xii. Retained earning
20
xiii. Corpo
14. There are only two producing sectors A and B in an economy. Calculate (a) Gross value added at market
price by A and B (b) National Income
ITEMS
(Rs. IN Crores)
1. Net factor income from abroad.
20
2. Sale by firm A
500
3. Sale by firm B,
600
4. Indirect taxes by firm A and B
80
5. Depreciation by A and B
30
6. Export by A
45
7. Net change in stock of A
10
8. Net change in stock of B
-10
9. Intermediate consumption by A
200
10. Intermediate consumption by B
300
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15. Find National income and Net National Disposable income from the following data: ITEMS
(Rs. IN Crores)
i. Export
25
ii. G F C E
300
iii. N C T from R O W
-10
iv. Net domestic fixed capital formation
200
v. Net Factor income from abroad.
20
vi. Private final consumption expenditure
1000
vii. N I T
30
viii. Opening stock.
60
ix. Net export
30
x. Closing stock.
50
15. Calculate gross domestic product at MP and Factor income from abroad: ITEMS
(Rs. IN Crores)
i. Profit
500
ii. Export.
40
iii. Compensation of employee
1500
iv. Gross National product at factor cost.
2800
v. N C T from ROW
90
vi. rent
300
vii. Interest
400
viii. Factor Income from Abroad
120
ix. N I T
250
x. Net domestic capital formation.
650
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xi. Gross fixed capital formation.
700
Xii. Change in stock.
50
16. Calculate' Gross National product at Market Price' by the production method and Income method.: ITEMS
(Rs. in Crores)
i. Value of output of the primary sector
1000
ii. Indirect taxes
200
ii Compensation of employee
780
iv. Net factor income from abroad.
100
v. Intermediate purchase by all the sector
2900
Vi. Rent
300
vii. Value of output by secondary sector
2000
viii. Subsidies
50
ix. Interest
600
x. Consumption of fixed capital.
120
xi. Value of output of the secondary sector
3000
xii. Profit
320
xiii. Mixed income of self employed
830
Ans. 3200 crores.
17. Calculate' National income' by the expenditure method and Income method.: ITEMS
(Rs. in Crores)
i. Net Indirect taxes
120
ii. Net factor income to abroad.
10
Iii Wages salaries
320
iv. Rent
35
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v. Wages and Salaries
40
Vi. Rent
15
vii. Private final consumption expenditure
500
viii. Interest
60
ix. Change in stock
-10
x. Social security contribution by employers
30
xi. Government final consumption expenditure.
100
xii. Profit
50
xiii. Net Export.
0
Ans. (a) rs.540 crores
18. Calculate (a) Net domestic product at factor at factor and (b) Private income from the following data : ITEMS
(Rs. in Crores)
i. Domestic product accruing to govt. sector
300
ii. Wages and Salaries
1000
Iii Net current transfer to abroad.
- 20
iv. Rent
100
v. Interest paid by the production unit
130
Vi. National debt interest
30
vii. Corporation tax
50
viii. Current transfer by government.
40
ix. Contribution to social security scheme by
employers
200
x. Dividends
100
xi. Undistributed profit
20
xii. Net factor income to abroad.
0
Ans. (a) Rs. 1600 crores (b) Rs. 1390 Crores.
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19. Calculate (a) Net National product at MP and Private income from the following data : ITEMS
(Rs. in Crores)
i. N C T to abroad.
30
ii. M I
600
iii. Subsidies
20
iv. Operating surplus
200
v. National debt interest.
70
vi. Net factor income to abroad.
10
vii. Compensation of employee.
1400
viii. Indirect taxes
100
ix. Domestic product accruing to government.
350
x. Current transfers by government.
50
Ans. (a) rs.2270 crores (b) Rs. 1930 Crores.
20. Calculate (a) Gross National Product at MP and (b) Personal Disposable income from the following data.
ITEMS
(Rs. in Crores)
i. Net factor income to abroad.
10
ii. Private income
1700
iii.Operating surplus.
300
iv. Corporation tax
150
v. Undistributed profit.
30
vi. M I
500
vii. C F C
100
viii. Personal Taxes
200
ix. Compensation of employee.
1200
x. N I T
250
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Ans. (a) rs.2340 crores (b) Rs. 1320 Crores.
21.Find out (a) Gross National product at market price and (b) Net current transfers to abroad.
ITEMS
(Rs. in Crores)
i. Private final consumption expenditure
1000
ii. Depreciation
100
iii. Net national disposable income
1500
iv. Compensation of employee.
20
v. Government final consumption expenditure
300
vi. N I T
50
vii. Opening stock
20
viii. net domestic capital formation
110
ix. Net export
15
x. Net factor income to abroad.
-10
GDP at MP= 1525, GNP at MP = 1535
22. Net National product at market price and Gross National disposable income fromthe following data : ITEMS
(Rs. in Crores)
i. Undistributed profit
20
ii. Compensation of employee
800
iii. Rent
300
iv. Dividend
100
v. Royalty
40
vi. Net current transfer to abroad.
- 30
vii. Corporation tax,
50
viii. Interest
400
ix.Depriciation
70
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x. factor income from abroad.
10
xi. Net indirect taxes
60
23. Calculate National income by Income method and Expenditure method : ITEMS
(Rs. in Crores)
i. Government final consumption expenditure,
2000
ii. Net domestic capital formation
600
iii. Consumption of fixed capital
70
iv., Net export
60
v. Net indirect taxes,
200
vi. Private final consumption expenditure,
4000
vii. Net factor income to abroad.
60
viii. Compensation of employee,
3660
ix. Profit,
1500
x. Rent,
500
xi. Interest,
800
xii. dividend
300
(a) Rs. 6400 Crores (b) Rs. 6400 Crores.
24. Calculate (a) Gross National Product at market Price and Net National Disposable income from the
following : ITEMS
(Rs. in Crores)
i. Govt. final consumption expenditure.
200
ii. Private final consumption expenditure
400
iii. Profit
160
iv. N I T,
60
v. Undistributed profit.
70
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vi. Interest
50
vii. Compensation of employee.
300
viii. Export
65
ix. Import
95
x. Gross domestic capital formation.
80
xi. C F C
10
XII. Net factor income to abroad.
50
(a) Rs. 450 Crores (b) Rs. 450 Crores.
25. Calculate National Income by Income method and Expenditure method.
ITEMS
(Rs. in Crores)
i. Profit
200
ii. Private final consumption expenditure
440
iii. Govt. final consumption expenditure.
250
iv. Compensation of employee.
350
v. Gross domestic capital formation.
90
vi. Interest ,
20
vii. Net Export
-20
viii. Interest
60
ix. Rent
70
x. Net factor income to abroad.
50
xi. N I T,
60
Ans. ; (a) Rs. 630 Crores(b) Rs. 630 Crores.
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