NNPFC = NDPFC + NFIA NNPFC = Net Domestic Income + NFIA Personal Income = Private Income Corporate Taxes Corporate Savings – – Personal Disposable Income = Personal Income (Direct Taxes + Fines, Fees, etc. + Social – Security Contributions by Employees) Net National Disposable Income = National Income + Net Indirect Taxes + Net Capital Transfers from the rest of the World Personal Saving = Personal Disposable Income Personal Consumption Expenditure – Gross Domestic Saving = Personal Savings + Private Corporate Savings + Public Savings. PCI = = × 100 GDP Deflator Question: Suppose a country produces four goods: rice, cloth, cement and cars. The production of the four commodities in the year 2013- 14 was 1000 units, 5000 units, 2000 units and 500 units respectively. The per unit price of the four commodities is SR 10, SR 20, SR 50 , and SR 2,00,000 respectively. Find out the GDP at market prices. Solution: S. Commodity Quantity Price per unit Gross Money Value No. (Units) (SR) (SR) 1. Rice 1000 10 10,000 2. Cloth 5000 20 1,00,000 3. Cement 2000 50 1,00,000 4. Car 500 20,00,000 10,00,00,000 Total Money Value in SR (GDPMP) = 10,02,10,000 Question: Suppose the gross domestic product at market prices of Saudi Arabia in 2012- 13 was SR 85,000 crores and net factor income from abroad was (-) SR 430 crores. Calculate GNPMP. Solution: GNPMP = GDPMP + NFIA = 85,000 + (- 430) = SR 84,570 crores. Question: Suppose we are provided with the following information:
NNPFC = NDPFC + NFIA NNPFC = Net Domestic Income + NFIA Personal Income = Private Income – Corporate Taxes – Corporate Savings Personal Disposable Income = Personal Income – (Direct Taxes + Fines, Fees, etc. + Social Security Contributions by Employees) Net National Disposable Income = National Income + Net Indirect Taxes + Net Capital Transfers from the rest of the World Personal Saving = Personal Disposable Income – Personal Consumption Expenditure Gross Domestic Saving = Personal Savings + Private Corporate Savings + Public Savings. PCI = GDP Deflator = × 100 Question: Suppose a country produces four goods: rice, cloth, cement and cars. The production of the four commodities in the year 2013- 14 was 1000 units, 5000 units, 2000 units and 500 units respectively. The per unit price of the four commodities is SR 10, SR 20, SR 50 , and SR 2,00,000 respectively. Find out the GDP at market prices. Solution: S. No. Commodity Quantity (Units) Price per unit (SR) Gross Money Value (SR) 1. Rice 1000 10 10,000 2. Cloth 5000 20 1,00,000 3. Cement 2000 50 1,00,000 4. Car 500 20,00,000 10,00,00,000 Total Money Value in SR (GDPMP) = 10,02,10,000 Question: Suppose the gross domestic product at market prices of Saudi Arabia in 2012- 13 was SR 85,000 crores and net factor income from abroad was (-) SR 430 crores. Calculate GNPMP. Solution: GNPMP = GDPMP + NFIA = 85,000 + (- 430) = SR 84,570 crores. Question: Suppose we are provided with the following information: