Professional Documents
Culture Documents
GNPF = GNPM + S - Ti
GNP@ market price = GNP@ factor cost Subsidies +
Indirect Taxes
GNP@ factor cost = GNP@ market price + Subsidies Indirect Taxes
GDP = C + G + I + NX,
where:
"C" is equal to all private consumption, or consumer spending, in
a nation's economy
factor cost =
market price + Subsidies -Indirect Taxes
n Factor
Factor
Personal Income
It
Disposable income
Disposable Income for individuals is the part of total earnings
deprived of all taxes paid and profit reserved for companies,
which is the amount available for spending or saving.
DI = PI - Personal Taxes
25,21,700
3,06,087
-41,482
78,821
Transfer Payments
Population
33,873
98.7 crores
Calculate: (i) GDP at Market Price, (ii) NI (iii) Per Capita Income
(i)
GDP
at
Market
Price
(ii) NI
(iii) Per Capita Income = 22,024.022
26,00,521
= 21,73,771