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 + factor income to abroad – factor income from abroad

NDP at MP = 58350 – 1625 + 865 – 625

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**