32. Find (a) Private Income and (b) National Income.
Particulars Rs. (in crores)
- Personal Disposable Income 350
- Income from property and entrepreneurship accruing to the government administrative departments 50
- Savings of non-departmental enterprises 25
- Direct personal tax 10
- Net factor income from abroad (-) 5
- Indirect taxes 15
- Current transfers to the rest of the world 20
- Savings of private corporate sector 25
- Corporation tax15
- Current transfers from government30
Dear student,
Private income = Personal disposable income + direct personal taxes +savings of private corporate sector + corporation tax
= 350 + 10 + 25 + 15 = Rs 400 crore
National income = Private income + current transfers to ROW - current transfers from government + savings of non-departmental enterprises + income from property and entrepreneurship accruing to government
= 400 + 20 - 30 + 25 + 50 = Rs 465 crore
Private income = Personal disposable income + direct personal taxes +savings of private corporate sector + corporation tax
= 350 + 10 + 25 + 15 = Rs 400 crore
National income = Private income + current transfers to ROW - current transfers from government + savings of non-departmental enterprises + income from property and entrepreneurship accruing to government
= 400 + 20 - 30 + 25 + 50 = Rs 465 crore