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Find Gross National Product at Market Price and Private Income :

(Rs. In crore)
(i) Private Final Consumption Expenditure 800
(ii) Net Current transfers to Abroad 20
(iii) Net Factor Income to Abroad (-) 10
(iv) Government Final Consumption Expenditure 300
(v) Net Indirect Tax 150
(vi) Net Domestic Capital Formation 200
(vii) Current Transfers from Government 40
(viii) Depreciation 100
(ix) Net Imports 30
(x) Income Accruing to Government 90
(xi) National Debt Interest 50
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1 Answers

GDPMP = Private Final Consumption Expenditure + Government Final ConsumPtion Expenditure + (Net Domestic Capital Formation+ Depreciation) - Net Imports

= 800 + 300 + (200 + 100) - 30 =1,370

GDPMP=1,370crore

Now,

GNPMP = GDPMP - Net Factor Income to Abroad

=1,370 - (-10) = 1,380

Hence,

GNPMP =Rs.1,380crore

Private Income : GNPMP - Net Indirect Taxes - Depreciation - Income Accruing to Government + Current Tiansfers from Government - Net Current Tiansfers to Abroad + National Debt Interest

= 1,380 - 150 - 100 - 90 + 40 -20 + 50 =Rs. 1,120 crore

Hence,

Private Income =Rs.1,120 crore

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