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earnings of the LIUFES. What is the value of transfer ne government and firms to the households? 9. From the following data, calculate Personal Income and Personal Disposable Income. Rs (crore) (a) Net Domestic Product at factor cost 8,000 (b) Net Factor Income from abroad 200 (c) Undisbursed Profit 1,000 (d) Corporate Tax (e) Interest Received by Households 500 1,500 () Interest Paid by Households (g) Transfer Income (h) Personal Tax 1,200 300 500 10. In a single day Raju, the bart

earnings of the LIUFES. What is the value of transfer ne government and firms to the households? 9. From the following data, calculate Personal Income and Personal Disposable Income. Rs (crore) (a) Net Domestic Product at factor cost 8,000 (b) Net Factor Income from abroad 200 (c) Undisbursed Profit 1,000 (d) Corporate Tax (e) Interest Received by Households 500 1,500 () Interest Paid by Households (g) Transfer Income (h) Personal Tax 1,200 300 500 10. In a single day Raju, the bart

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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ores. lue 81 Indirect taxes- mCome was Rs 850 crores. Calculate U Vational Product at Factor Cost of a particular country in a year is Rs 1,900 crores. There are no interest payments made by the households to the pitciation. 8. firms/government, or by the firms/government to the households. The Personal Disposable Income of the households is Rs 1,200 crores. The personal income taxes paid by them is Rs 600 crores and the value of retained earnings of the firms and government is valued at Rs 200 crores. What is the value of transfer payments made by the government and firms to the households? . From the following data, calculate Personal Income and Personal Disposable Income. Rs (crore) (a) Net Domestic Product at factor cost 8,000 (b) Net Factor Income from abroad 200 (c) Undisbursed Profit (d) Corporate Tax (e) Interest Received by Households () Interest Paid by Households 1,000 500 1,500 1,200 300 (g) Transfer Income (h) Personal Tax 500 10. In a single day Raju, the barber, collects Rs 500 from haircuts; over this day, his equipment depreciates in value by Rs 50. Of the remaining Rs 450, Raju pays sales tax worth Rs 30, takes home Rs 200 and retains Rs 220 for improvement and buying of new equipment. He further pays Rs 20 as income tax from his income. Based on this information, complete Raju's contribution to the following measures of income (a) Gross Domestic Product (b) NNP
Transcribed Image Text:ores. lue 81 Indirect taxes- mCome was Rs 850 crores. Calculate U Vational Product at Factor Cost of a particular country in a year is Rs 1,900 crores. There are no interest payments made by the households to the pitciation. 8. firms/government, or by the firms/government to the households. The Personal Disposable Income of the households is Rs 1,200 crores. The personal income taxes paid by them is Rs 600 crores and the value of retained earnings of the firms and government is valued at Rs 200 crores. What is the value of transfer payments made by the government and firms to the households? . From the following data, calculate Personal Income and Personal Disposable Income. Rs (crore) (a) Net Domestic Product at factor cost 8,000 (b) Net Factor Income from abroad 200 (c) Undisbursed Profit (d) Corporate Tax (e) Interest Received by Households () Interest Paid by Households 1,000 500 1,500 1,200 300 (g) Transfer Income (h) Personal Tax 500 10. In a single day Raju, the barber, collects Rs 500 from haircuts; over this day, his equipment depreciates in value by Rs 50. Of the remaining Rs 450, Raju pays sales tax worth Rs 30, takes home Rs 200 and retains Rs 220 for improvement and buying of new equipment. He further pays Rs 20 as income tax from his income. Based on this information, complete Raju's contribution to the following measures of income (a) Gross Domestic Product (b) NNP
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