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Dictionary. Net national product (NNP) is the market value of a nation's goods and services minus depreciation (often referred to as capital consumption). after deduction of the
National Disposable Income for a country is in the same way as Personal Disposable Income (Personal Income – Personal taxes) is for an individual.
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taxes on production and imports less subsidies, property income (receivable less If a country gives a part of its nation income to other countries byway of charity or donation, its capacity to consume and save will fall. But current transfers within the domestic territory cancel each other and Therefore, not included as they do not affect NDL National disposable income is the maximum available income (earned and transfer incomes) from all sources that a nation can spend on consumption and saving without disposing off its assets to finance its expenditure. National income (at market prices) 8.94 Gross (or net) national income (at market prices) represents total primary income receivable by resident institutional units: compensation of employees, taxes on production and imports less subsidies, property income (receivable less payable), (gross or net) operating surplus and (gross or net) mixed income. (a) Meaning of NDI: It is defined as net national product at market prices (NNPMP) plus net current transfers from rest of the world. Where a gross domestic product fails to see a full picture for countries that utilize foreign manufacturing, the NNP wins. ADVERTISEMENTS: Symbolically: National disposable income = National income + Net indirect taxes + Net current transfers from rest of the world simply put. Gross national income (at market prices) equals GDP minus primary income TOS4. Notes on National Disposable Income (NDI)! 125. Net Disposable Income Is the Income which is at the disposal of the nation as a whole for spending or disposal.
The Government imposes taxes worth Rs. resident units from the rest of the world. The difference between the two is consumption of fixed capital at national level (i.e., national depreciation). National income is not a production concept but an income concept, which is accounts generally. It is defined as net national product at market prices (NNPMP) plus net current transfers from rest of the world.
The following extract from statement 4 of Government of India NAS, 2007 further clarifies the concept of National Disposable Income (NDI).
Gross (or net) national income (at market prices) represents total primary Share Your Word File
National disposable income = NNP at MP + Net current transfers from rest of the world, = National Income + net indirect taxes + net current transfers from rest of the world. consumption of fixed capital.
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National income is not a production concept but an income concept, which is more significant if expressed in net terms, i.e.
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