Please solve the question and pls tell the difference between NDPfc and NDPfc accruing to the government.
Solution:
NNPFC =
NNPFC = Wages and salaries + Employers contribution to social security + Rent + Interest + Profit - Net factor income to abroad
= 600 + 100 + 200 + 300 + 300 - 50 = Rs 1,450 arabs
National income accruing to the government is a part of national income. If you need to calculate national income from private income, then you will subtract current transfers from the government from private income and add national income accruing to the government.
NNPFC =
NNPFC = Wages and salaries + Employers contribution to social security + Rent + Interest + Profit - Net factor income to abroad
= 600 + 100 + 200 + 300 + 300 - 50 = Rs 1,450 arabs
National income accruing to the government is a part of national income. If you need to calculate national income from private income, then you will subtract current transfers from the government from private income and add national income accruing to the government.