SELECT * FROM question_mgmt as q WHERE id=5469 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=59 AND chapterId=603 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th macro-economics National Income Accounting from the following data calculate personal income

Question:

From the following data, calculate Personal Income and Personal Disposable Income.
                                                                               Rs (crore)
(a) Net Domestic Product at factor cost                    8,000
(b) Net Factor Income from abroad                              200
(c) Undisbursed Profit                                                1,000
(d) Corporate Tax                                                         500
(e) Interest Received by Households                         1,500
(f) Interest Paid by Households                                  1,200
(g) Transfer Income                                                       300
(h) Personal Tax                                                            500

Answer:

Personal Income = NDPFC + Net factor income from abroad (NFIA) + Transfer Income – Undistributed profit – Corporate tax – Net interest paid by households

NDPFC = Rs.8000 crores
NFIA = Rs.200 crores
Transfer Income = Rs.300 crores
Undistributed profit = Rs.1,000 crores
Corporate tax = Rs.500 crores
Net interest paid by households = Interest paid - Interest received

= 1200 - 1500
= (-) Rs.300 crores

So, putting the values in the above formula
PI = 8000 + 200 + 300 - 1000 - 500 - (- 300)
= 8000 + 200 + 300 - 1000 - 500 + 300
⇒ PI = 7300

So, Personal Income = Rs.7300 crores

Personal Disposable income = Personal Income - Personal Payment

= 7300 - 500
= Rs. 6800 crores


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