● REVISION WORKSHEET 4 (NUMERICALS ON NATIONAL INCOME)

1. Calculate NNPmp ( Rs in crores ) (4)

Transfer payments by government 7

GFCE 50
Net imports -10

NDFCF 60
PFCE 300

Private income 280

NFIA -5

Closing stock 8
Opening stock 8

Depreciation 12
Corporate tax 60

Retained earnings of corporates 20

2. Calculate NNPfc (4)

Rent 200

NFIA 10
National debt interest 15

Wages and salaries 700

Current transfer from government 10

Undistributed profits 20
Corporate tax 30

interest 150
Social security contribution by employers 100

Net domestic product accruing to government 250

 Net current transfer to rest of the world 5

3. Find NVA fc (4)

Durable use producer good with a life span of 10

10 years

Single use producer good 5

Sales 20

Unsold output during a year 2

Taxes on production 1

4. If the real GDP is Rs 250 and the price index (Base=100) is 120. Calculate nominal GDP . (2)

5. The value of nominal GDP of an economy was Rs2,500 in a particular year. The value of GNP of
that country during the same year, evaluated at the prices of same base year , was Rs3,000
core . Calculate the value of GNP deflator of the year in percentage term. Has the price level
risen between the base year and the year under consideration.
(2+1)

6. Given the following data , find the missing value of PFCE and operating surplus . (4)

National income 50,000

NIT 1,000

PFCE ?
GDCF 17,000

Profits 1,000
GFCE 12,500

Wages and salaries 20,000

Consumption of fixed capital 700

Mixed income of self employed 13,000

Operating surplus ?

NFIA 500
Net exports 2,000