ECO204 Macro Economics

Macro EconomicsTU Board 2025

Consider the following figures for national income accounts and answer the questions given below DescriptionRs in MillionGovernment consumption2,000Net indirect business…

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Consider the following figures for national income accounts and answer the questions given below DescriptionRs in MillionGovernment consumption2,000Net indirect business taxes2,956Imports6,160Government investment1,028Net fixed capital formation6,684Net receipts-360Exports4,192Wages and salaries36,000Proprietor's income3,784Net interest1,056Consumption expenditure47,772Changes in stocks-12Rent2,728Dividends1,836Employer's contribution to social security744Corporate profit8,236Current transfers from business and government12,000Current transfers from rest of the world728Capital consumption allowance2,832Social insurance payment4,000Personal direct tax1,652 a. Compute GNPmp by both income and expenditure method. b. Compute personal disposable income.

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