Important Numerical of National Income and related aggregates class 12 CBSE Board

There are 8 different aggregates in which income of a nation can be expressed. A short numerical on the basis of converting the income of a nation into different aggregates can come in economics paper.

I am solving some important numerical of national income and related aggregates. These are important one with the examination point of view.

I have discussed national income and its related aggregates in detail in below lecture.

Read Here:- National income and its 8 related aggregates explained

50 Must do Numerical of National Income and related aggregates

1. Calculate GNP at FC (Gross National Product at Factor Cost)

Particulars	₹ in crores
1. NDP at MP	80,000
2. Net Factor income from abroad	– 200
3. Deprecation	4,950
4. Subsidies	1,770
5. Indirect Tax	10,600

Solution:-

GNP at FC = NDP at MP + Depreciation + NFIA – Net Indirect tax (Direct tax – subsidies)

GNP at FC = 80,000 + 4950 + (- 200 ) – (10,600 – 1,770)

GNP at FC = 75,920 Crores

2. Calculate Domestic Income

Particulars	₹ in crores
1. Gross National Product at market price	58,350
2. Indirect tax	2,590
3. Subsidies	1,540
4. Depreciation	1,625
5. Net Factor income from abroad	– 240

Solution:-

Domestic Income (NDP at FC) = GNP at MP – Depreciation + NFIA – Net Indirect tax (Indirect tax – subsidy)

NDP at FC = 58,350 – 1625 – (- 240) – (2590 – 1540)

NDP at FC = ₹ 55,915 crores

3. Calculate National Income or NNP at FC.

Particulars	₹ in crores
1. GDP at MP	4,800
2. Indirect Taxes	300
3. Net Factor Income from aborad	80
4. Consumption of fixed capital	200
5. Subsidies	60

Solution:-

NNP at FC = GDP at MP – consumption of fixed capital + NFIA – Net Indirect tax (indirect tax – subsidy)

NNP at FC = 4800 – 200 + 80 – (300 – 60)

NNP at FC = ₹ 4440 Crores

4. Calculate GDP at MP

Particulars	₹ in crores
1. National Income	6700
2. Consumption of fixed capital	180
3. Factor income from aborad	100
4. Indirect taxes	130
5. Subsidies	70
6. Factor income to abroad	150

Solution:-

GDP at MP = NNP at FC + consumption of fixed capital – NFIA + Net Indirect tax (indirect tax – subsidy)

GDP at MP = 6700 + 180 – (100 – 150) + (130 – 70)

GDP at MP = ₹ 6990

5. Calculate Domestic Income

Particulars	₹ in crores
1. GNP at FC	2700
2. Indirect taxes	60
3. Factor income from abroad	150
4. Factor income to abroad	180
5. Replacement of Fixed Capital	150

NDP at FC = GNP at FC – NFIA – consumption of fixed capital (replacement of fixed capital)

NDP at FC = 2700 – (150 – 180) – 150

NDP at FC = ₹ 2580

6. Calculate (a) Domestic Income, (b) National Income

Particulars	₹ in crores
1. GDP at MP	70150
2. Indirect taxes	5200
3. Factor income from abroad	800
4. Consumption of fixed capital	3100
5. Factor income to abroad	300
6. Subsidies	4000

Solution:-

Domestic Income (NDP at FC) = GDP at MP – consumption of fixed capital – Net indirect tax (indirect tax – subsidies)

NDP at FC = 70150 – 3100 – (5200 – 4000)

NDP at FC = ₹ 65850

National Income (NNP at FC) = GDP at MP + consumption of fixed capital + NFIA – Net indirect tax (indirect tax – subsidy)

NNP at FC = 70150 – 3100 + (800 – 300) – (5200 – 4000)

NNP at FC = ₹ 66,350

7. Calculate Indirect taxes from the following data:

Particulars	₹ in crores
1. NDP at FC	55915
2. Subsidies	1540
3. Factor income from abroad	625
4. Consumption of fixed capital	1625
5. Factor income to abroad	865
6. GNP at MP	58350

Solution:-

NDP at MP = GNP at MP – consumption of fixed capital – NFIA

NDP at MP = GNP at MP – consumption of fixed capital – (factor income from abroad – factor income to abroad)

NDP at MP = 58350 – 1625 – 625 + 865

NDP at MP = ₹ 56965

Net Indirect tax = NDP at MP – NDP at FC

Net Indirect tax = 56965 – 55915

Net Indirect tax = ₹1050

Net Indirect tax = Indirect tax – Subsidies

Indirect tax = Net Indirect tax + Subsidies

Indirect tax = 1050 + 1540

Indirect tax = ₹ 2590

8. Calculate Factor income to abroad:

Particulars	₹ in crores
1. GNP at FC	4280
2. Subsidies	80
3. Factor income from abroad	400
4. Depreciation	480
5. Indirect taxes	100
6. NDP at MP	3700

Solution:-

NNP at MP = GNP at FC – Depreciation + Indirect taxes – Subsidies

NNP at MP = 4280 – 480 + 100 – 80

NNP at MP = 3820

NFIA = NNP at MP – NDP at MP

NFIA = 3820 – 3700

NFIA = ₹ 120

NFIA – Factor income from abroad – Factor income to abroad

120 = 400 – Factor income to abroad

Factor income to abroad = 400 – 120

Factor income to abroad = ₹ 280

9. Calculate Depreciation:-

Particulars	₹ in crores
1. NDP at MP	80,000
2. Indirect taxes	10,600
3. GNP at FC	75,920
4. Factor income to abroad	700
5. Factor income from abroad	500
6. Subsidies	1770

Solution:-

NNP at FC = NDP at MP + Factor income from abroad – Factor income to abroad – (Indirect taxes – Subsidies)

NNP at FC = 80000 + 500 – 700 – (10600 – 1770)

NNP at FC = 70970

Depreciation = GNP at FC – NNP at FC

Depreciation = 75920 – 70970

Depreciation = ₹ 4950

10. Calculate Subsidies:-

Particulars	₹ in crores
1. GDP at FC	55,000
2. Indirect taxes	4,400
3. Factor income to abroad	600
4. NNP at MP	55,500
5. Factor income from aborad	1,300
6. Depreciation	2,500

NNP at FC = GDP at FC – Depreciation + Factor income from abroad – Factor income to abroad

NNP at FC = 55000 – 2500 + 1300 – 600

NNP at FC = ₹ 53200

Net Indirect tax = NNP at MP – NNP at FC

Net Indirect tax = 55500 – 53200

Net Indirect tax = 2300

Subsidies = Indirect tax – Net Indirect tax

Subsidies = 4400 – 2300

Subsidies = ₹ 2100 crore

11. Given the following, calculate National Income and GNP at MP.

Particulars	(₹ in crore)
1. NDP at MP	114
2. Net Indirect tax	12
3. Consumption of fixed Capital	13
4. Net factor income from abroad	– 1

Solution:-

National Income (NNP at FC) = NDP at MP + Net factor income from abroad – Net Indirect tax

National Income = 114 – 1 – 12

National Income = ₹ 101

GNP at MP = NDP at MP + consumption of fixed capital + Net factor income from abroad

GNP at MP = 114 + 13 – 1

GNP at MP = ₹ 126 crore

12. Given the following, calculate NNP at MP and GNP at FC.

Particulars	(₹ in crore)
1. NDP at FC	96
2. Net indirect tax	10
3. Consumption of fixed capital	12
4. NFIA	– 1

Solution:-

NNP at MP = NDP at FC + NFIA + Net Indirect tax

NNP at MP = 96 – 1 + 10

NNP at MP = ₹ 105 crore

GNP at FC = NDP at FC + consumption of fixed capital + NFIA

GNP at FC = 96 + 12 – 1

GNP at FC = ₹ 107 crore

13. Calculate NDP at FC and NNP at FC

Particulars	(₹ in crore)
1. GNP at MP	200
2. NFIA	– 4
3. Consumption of fixed capital	10
4. GST	20
5. Subsidies	4

Solution:-

NDP at FC = GNP at MP – consumption of fixed capital – NFIA – (GST – Subsidies)

NDP at FC = 200 – 10 + 4 – 20 + 4

NDP at FC = ₹ 178 crore

NNP at FC = GNP at MP – consumption of fixed capital – (GST – Subsidies)

NNP at FC = 200 – 10 – (20 – 4)

NNP at FC = ₹ 174 crore

14. Calculate GDP at MP and GNP at MP.

Particulars	(₹ in crore)
1. NDP at FC	300
2. NFIA	5
3. GST	20
4. Consumption of fixed capital	30
5. Subsidies	10

Solution

GDP at MP = NDP at FC + consumption of fixed capital + (GST – Subsidies)

GDP at MP = 300 + 30 + (20 – 10)

GDP at MP = ₹ 340

GNP at MP = NDP at FC + consumption of fixed capital + NFIA + (GST – Subsidies)

GNP at MP = 300+ 30 + 5 + (20 – 10)

GNP at MP = ₹ 345 crore

15. Calculate NDP at FC and National Income

Particulars	(₹ in crore)
1. GNP at MP	400
2. Net factor income paid to abroad	10
3. Consumption of fixed capital	30
4. GST	40
5. Subsidies	10

Solution

NDP at FC = GNP at MP – consumption of fixed capital + Net factor income paid to abroad – (GST – Subsidies)

NDP at FC = 400 – 30 + 10 – (40 – 10)

NDP at FC = ₹ 350 crore

NNP at FC (National Income) = GNP at MP – consumption of fixed capital – (GST – Subsidies)

National Income = 400 – 30 – (40 – 10)

National Income = ₹ 340 crore

16. Calculate GNP at FC and NDP at MP

Particulars	(₹ in crore)
1. Factor income received from abroad	20
2. Consumption of fixed capital	30
3. Subsidies	10
4. GST	40
5. Factor income paid to abroad	30
6. NDP at FC	250

Solution:-

GNP at FC = NDP at FC + consumption of fixed capital + (factor income received from abroad – factor income paid to abroad) + (GST – subsidies)

GNP at FC = 250 + 30 + (20 – 30)

GNP at FC = ₹ 270 crore

GNP at FC = ₹ 310

NDP at MP = NDP at FC + (GST – Subsidies)

NDP at MP = 250 + (40 – 10)

NDP at MP = ₹ 280 crore

17. From the following data estimate: a) Net Indirect taxes, and b) Net Domestic Product at Factor Cost.

Items	(₹ in crore)
1. Net National Product at Market Price	1400
2. Net factor income from abroad	– 20
3. Gross National Product at factor cost	1300
4. Consumption of fixed capital	100
5. National debt interest	18

Solution:-

NNP at FC = GNP at FC – consumption of fixed capital

NNP at FC = 1300 – 100

NNP at FC = 1200

Net Indirect taxes = NNP at MP – NNP at FC

Net Indirect taxes = 1400 – 1200

Net Indirect taxes = ₹ 200 crore

NDP at FC = NNP at FC – Net Factor income from abroad

NDP at FC = 1200 – (- 20)

NDP at FC = ₹ 1220 crore

Further Reading:-

S.N	Topics
1.	What is Macroeconomics
2.	What are Goods in economics
3.	What are Consumption Goods
4.	What are capital goods
5.	What are intermediate Goods
6.	What is intermediate consumption
7.	What are final Goods
8.	What is Final Consumption
9.	What is investment in economics
10.	What is stock and flow
11.	What are transfer payments
12.	What is circular flow of income
13.	What is Domestic Territory of a Country
14.	What is normal resident of a country
15.	Nominal GDP and Real GDP