Practicals on national income

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Aggregates Que.1 Calculate GNPfc with the help of following information (Rs.in crore) (i)NDPmp 2000 (ii)Consumption of fixed capital 50 (iii)Net factor income from abroad 15 (iv)Indirect taxes 55

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Transcript of Practicals on national income

Page 1: Practicals on national income

Aggregates

Que.1 Calculate GNPfc with the help of following information (Rs.in crore)

(i) NDPmp 2000(ii) Consumption of fixed capital 50(iii) Net factor income from abroad 15(iv) Indirect taxes 55

Page 2: Practicals on national income

Aggregates

Que.2 Calculate NNPmp with the help of following information (Rs.in crore)

(i) GDPfc 2000(ii) Consumption of fixed capita 50(iii) Net factor income from abroad 15(iv) Indirect taxes 55

Page 3: Practicals on national income

Aggregates

Que.3 Calculate NDPmp with the help of following information (Rs.in crore)

(i) GNPfc 2000(ii) Consumption of fixed capita 50(iii) Net factor income from abroad 15(iv) Indirect taxes 55

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Aggregates

Que.4 Calculate GDPfc with the help of following information (Rs.in crore)

(i) NNPmp 2000(ii) Consumption of fixed capita 50(iii) Net factor income from abroad 15(iv) Indirect taxes 55

Page 5: Practicals on national income

Aggregates

Que.5 Calculate NDPfc with the help of following information (Rs.in crore)

(i) GNPmp 2000(ii) Consumption of fixed capita 50(iii) Net factor income from abroad 15(iv) Indirect taxes 55

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Aggregates

Que.6 Calculate GDPmp with the help of following information (Rs.in crore)

(i) NNPfc 2000(ii) Consumption of fixed capita 50(iii) Net factor income from abroad 15(iv) Indirect taxes 55

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Aggregates

Que.7 Calculate NNPfc with the help of following information (Rs.in crore)

(i) GDPmp 2000(ii) Consumption of fixed capita 50(iii) Net factor income from abroad 15(iv) Indirect taxes 55

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Aggregates

Que.8 Calculate GNPmp with the help of following information (Rs.in crore)

(i) NDPfc 2000(ii) Consumption of fixed capita 50(iii) Net factor income from abroad 15(iv) Indirect taxes 55

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Value added methodQue.1Calculate NDPfc with the help of given

information (Rs. In thousand) Sales 100 Closing stock 10 Indirect taxes 5 Intermediate consumption 30 Opening stock 20 Consumption of fixed capital 15Factor income from abroad (-)30

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Que.2 Calculate National Income with the help of given information

(Rs. In thousand) Sales in domestic market 100 change in stock 10 Net Indirect taxes 25 Purchase of machine 300 Opening stock 20 Consumption of fixed capital 15NFIA 48

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Que.3 Calculate Domestic Income with the help of given information

(Rs. In thousand) Sales in domestic market 100 change in stock 10 Net Indirect taxes 25 Purchase of machine 300 Opening stock 20 Consumption of fixed capital 15Net factor income from abroad 80

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Que.4 Calculate Gross value added at factor cost from the following :-

(i) Gross value of output at MP 10,500(ii) Depreciation 1000(iii) Indirect taxes 750(iv) Economic subsidies 200(v) Intermediate consumption 4000(vi) Compensation of employees 2000

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Que. 5 From the following data, estimate the net value added at factor cost and show that it is equal to the sum of factor incomes :-

(i) Sales 9600(ii) Increase in stock 2080(iii) Intermediate Consumption 2370(iv) Depreciation 450(v) Wages and salaries 5400(vi) Internet 250(vii) Rent 750(viii) Profit 2150(ix) Net indirect Taxes 310

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Q. 6 Find out “Net value added at FC by an enterprise from the following data:

Rs. In crores(i) Consumption of Fixed Capital 10(ii) Subsidies 5(iii) Indirect Taxes 25(iv) Purchase of material and 75Services from other production units(v) Value of output 125

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Q 7. Calculate value added by Firm A & B from the following data:-Rs. (Lakh)

(i) Purchase by Firms B from Firm A 40(ii) Sales by Firm B 80(iii) Imports by Firm B 10(iv) Rent Paid by Firm B 05(v) Opening stock of Firm B 15(vi) Closing stock of Firm B 20(vii) Purchases by Firm A from Firm B 20(viii) Closing stock of Firm A 20(ix) Opening stock of Firm A 10

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Income Method1. Calculate national income from the following data:-

(Rs. Crores)(i) Consumption of fixed capital 50(ii) Employers contribution to social security 75(iii) Interest 160(iv) Net Indirect Taxes 55(v) Rent 130(vi) Dividends 45(vii) Corporate Tax 15(viii) Undistributed profit 10(ix) Net factor income from abroad -10(x) Wages and salaries 450

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Expenditure methodQue.1 Calculate national income from the data given below by expenditure

method.Item Rs. (In crores)

(i) Personal consumption expenditure 3500(ii) Consumption of fixed capital 50(iii) Net fixed capital formation 1250(iv) Change in stock 500(v) Exports 400(vi) Imports 750(vii) Net indirect taxes 40(viii) Governments’ consumption expenditure 1600(ix) Net factor income from abroad (-) 10(x) Wages and salaries 450

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Calculate Personal Income from the given data: (Rs crores)

(i) Personal tax 120 (ii) Net indirect tax 100 (iii) Corporation tax 90 (iv) National income 1000 (v) Net factor income from abroad 5 (vi) Consumption of fixed capital 50 (vii) National debt interest 70 (viii) Retained earnings of private corporate sector 40 (ix) Net current transfers to the rest of the world (-)20 (x) Current transfers from government 30(xi) Share of government in national income 80

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Que.7 Calculate Gross National Product at market price and Personal Disposable income from the following data:

(Rs crores) (i) Subsidy 20 (ii) Net factor income from abroad (-) 60 (iii) Consumption of fixed capital 50 (iv) Personal tax 110 (v) Savings of private corporations 40 (vi) Dividend 20 (vii) Indirect tax 100 (viii) Corporation tax 90 (ix) income of govt. sector 1,000 (x) National debt interest 30 (xi) Net current transfers from abroad 20 (xii) Current transfers from government 50 (xiii) Miscellaneous receipts of the government administrative 30 departments (xiv) Private income 700 (xv) Private final consumption expenditure 380

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Que.9Using the following national income accounting data, compute (a) GDP, (b) NDP, (c) NY. figures are in billions.

Compensation of employees $194.2U.S. exports of goods and services 17.8Consumption of fixed capital 11.8Government purchases of goods and services 59.4Indirect business taxes 14.4Net domestic capital 52.1Transfer payments 13.9U.S. imports of goods and services 16.5Personal taxes 40.5Net foreign factor income earned in U.S. 2.2Personal consumption expenditures 219.1

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Que.10. From the following data, calculate personal income and personal disposable income:- (Rs. Lacs)

a. NDPfc of pvt. sector 8000b. Net factor income from abroad 200c. Undistributed Profit 1000d. Corporate Tax 500e. Interest Received by Households 1500f. Interest paid by Households 1200g. Transfer Income 300h. Personal Tax 500

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Miscellaneous

Que.1 Calculate gross national product at market price with the help of following information by income and expenditure method:-

(Rs. In Crore)i. Rent 40ii. Private final consum.expend 500iii. Net exports 20iv. Interest 60v. Profit 120vi. Govt. final consum. expend. 200vii. Net Domestic capital formation 100viii. Compensation of employees 500ix. Consumption of fixed capital 20x. Net indirect taxes 100xi. Net income from abroad -20

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Que.2 Calculate value added by firm A from the following data:- (Rs. In lacs)

i. Sales 600ii. Purchase of raw material 200iii. Import of raw material 100iv. Import of machines 200v. Closing stock 40vi. Opening stock 10

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Que.3 Calculate gross national product at factor cost with the help of following information by income and expenditure method:-

(Rs. In Crore)

i. Factor income from abroad 10

ii. Compensation of employees 150iii. Net domestic capital formation 50iv. Private final consumption exp. 220v. Factor income to abroad 15vi. Change in stock 15vii. Employers' contribution to social security schemes 10viii. Consumption of fixed capital 15ix. Interest 40x. Exports 20xi. Indirect taxes 30xii. Subsidies 10xiii. Rent 40xiv. Govt. final consum. Expnd. 85xv. Profit 125

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Que.4 From the following data calculate National Income by Income and Expenditure

methods: (Rs crores) (i) Government final consumption expenditure 100 (ii) Subsidies 10 (iii) Rent 200 (iv) Wages and salaries 600 (v) Indirect taxes 60 (vi) Private final consumption expenditure 800 (vii) Gross domestic capital formation 120 (viii) Social security contributions by employers’ 55 (ix) Royalty 25 (x) Net factor income paid to abroad 30 (xi) Interest 65(xii) Consumption of fixed capital 10 (xiii) Profit 140 (xiv) Net exports 70 (xv) Change in stock 50

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Que. 5 From the following data relating to a firm, calculate its net value added at factor cost:

(Rs in Lacs) (i) Subsidy 40 (ii) Sales 800 (iii) Depreciation 30 (iv) Exports 100 (v) Closing stock 20 (vi) Opening stock 50 (vii) Intermediate purchases 500 (viii) Purchase of machinery for own use 200 (ix) Import of raw material 60

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Que.6 Calculate gross domestic capital formation from the following data:

Rs crores (i) Private final consumption expenditure 1,000 (ii) Government final consumption expenditure 500 (iii) Net exports (-) 50 (iv) Net factor income from abroad 20 (v) Gross domestic product at market price 2,500 (vi) Opening stock 300 (vii) Closing stock 200