Sl No, Items, Values (In Lacs), 1, Government Spending, 7.5, 2, Consumption spending, 2.85, 3, Investment spending, 5.75, 4, Value of Exports, 1.8, 5, Value of Imports, 2.12, 6, Personal income, 1.2, 7, Disposable income, 1.0, 8, Depreciation, 0.2 Calculate the amount of personal tax. Option 1: 2,000 Option 2: 2,00,000 Option 3: 22,000 Option 4: 20,000

Answer: 20,000. Solution: Personal tax = Personal income - Disposable income = 1.2 - 1.0 = 0.2 lacs = 20,000.

Macro

National Income

Easy

Calculate the amount of personal tax.

2,000

2,00,000

22,000

20,000

✅ Correct Option: 4

Personal tax $=$ Personal income $-$ Disposable income $= 1.2 - 1.0 = 0.2$ lacs $= 20,000$ .

Question 46

Calculate the value of $GDP_{MP}$ of a closed economy from the given table values.

Question 47

Calculate the value of $GDP_{MP}$ of an open economy from the given table values

Question 48

Calculate the value of net exports

Question 49

Calculate the NDP at market price of the closed economy from the given table values.