Calculate 'Gross National Product at Market Price' and 'Net National Disposable Income' from the following:
Calculate 'Gross National Product at Market Price' and 'Net National Disposable Income' from the following:
| (Rs. in Arab) | |
| (i) Net factor income to abroad | (-) 10 |
| (ii) Net current transfers to abroad | 20 |
| (iii) Wages and salaries | 400 |
| (iv) Corporation tax | 50 |
| (v) Profit after corporation tax | 150 |
| (vi) Social security contributions by employers | 50 |
| (vii) Rent | 100 |
| (viii) Interest | 70 |
| (ix) Mixed income of self-employed | 300 |
| (x) Net indirect tax | 140 |
| (xi) Consumption of fixed capital | 80 |
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GNPMP=(iii+vi) + (vii) + (viii) + (iv+v) + (ix) + (xi) + (x) - (i)
=(Wages and Salaries + Social security contributions by employers)+ Rent + Interest + (corporation tax + Profit after corporation tax )+ Mixed income of self-employed + Consumption of fixed capital + Net indirect taxes - Net factor income to abroad.
=(400+50)+100+70+(50+150)+300+80+140-(-10)
=450+170+200+300+220+10
=620+500+230
=Rs. 1,350 Arab
NNDI=GNPMP-xi-ii
=GNPMP - Consumption of fixed capital - Net current Transfers to abroad
=1,350-80-20
=Rs. 1,250 Arab
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