Calculate net national product at a market price and private income
Net Current transfer to abroad 10
Private final consumption expenditure 500
Current transfer from government 30
Net factor income to abroad 20
Net export -20
Net indirect tax 120
National debt interest 70
Net domestic capital formation 80
Income accruing to government 60
Government final consumption expenditure 100
NNP at MP = Private final consumption expenditure + Government final consumption expenditure + Net domestic capital formation + Net export - Net factor income to abroad
NNp at MP = 500+100+80+(-20)-20
= 680-20-20
=640 Crore
Private income = NNP at MP-Net indirect tax-Income accruing to government+ Current transfer from government+National debt interest - Net Current transfer to abroad
= 640-120-60+30+70-10
= 550 CRORE
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