Calculate 'National Income' and' Gross National Disposable Income' from the following:
Calculate 'National Income' and' Gross National Disposable Income' from the following:
| (Rs. in Arab) | |
| (i) Net imports | 60 |
| (ii) Net current transfers to abroad | (-) 10 |
| (iii) Net domestic fixed capital formation | 300 |
| (iv) Government final consumption expenditure | 200 |
| (v) Private final consumption expenditure | 700 |
| (vi) Consumption of fixed capital | 70 |
| (vii) Net change in stocks | 30 |
| (viii) Net factor income to abroad | 20 |
| (ix) Net indirect tax | 100 |
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NI=(v) + (iv) + (iii + vii) - (i) - (ix) - (viii)
= Private final consumption expenditure + Govt. final consumption expenditure + (net domestic fixed capital formation + Net change in stock) - Net imports - Net indirect tax - Net factor income to abroad.
=700+200+(300+30)-60-100-20
=900+330-180
=1,230-180
=Rs.1,050 Arab
GNDI=NI + (vi) + (ix) - (ii)
=1,050+70+100-(-10)
=Rs. 1,240 Arab.
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