question_answer

Calculate National Income:
		(Rs. crores)
(i)	Personal tax	80
(ii)	Private final consumption expenditure	600
(iii)	Undistributed profits	30
(iv)	Private income	650
(v)	Government final consumption expenditure	100
(vi)	Corporate	50
(vii)	Net domestic fixed capital formation	70
(viii)	Net indirect tax	60
(ix)	Depreciation	14
(x)	Change in stock	(-) 10
(xi)	Net imports	20
(xii)	Net factor income to abroad	10

Answer:

National Income = Private final consumption expenditure + Government final consumption expenditure + (Net domestic fixed capital formation + depreciation + change in stock) ? net imports ? depreciation ? Net Indirect Taxes - Net factor income to abroad National income \[=\text{ }600+100+\left( 70+1410 \right)20146010\] or, National income = Rs. 670 crore.