Calculate the National Income (NI) given GDP, factor income from abroad, factor payments to abroad, depreciation, indirect taxes, and subsidies.

NFIA is the difference between factor income received from abroad and factor payments made to abroad.

$$\text{NFIA} = \text{Factor income from abroad} - \text{Factor payment to abroad}$$ $$\text{NFIA} = \text{Rs. } 5 \text{ million} - \text{Rs. } 45 \text{ million}$$ $$\text{NFIA} = \text{Rs. } -40 \text{ million}$$

GNP is calculated by adding Net Factor Income from Abroad to Gross Domestic Product (GDP).

$$\text{GNP} = \text{GDP} + \text{NFIA}$$ $$\text{GNP} = \text{Rs. } 8,000 \text{ million} + (\text{Rs. } -40 \text{ million})$$ $$\text{GNP} = \text{Rs. } 7,960 \text{ million}$$

NNP is derived by subtracting depreciation from GNP.

$$\text{NNP} = \text{GNP} - \text{Depreciation}$$ $$\text{NNP} = \text{Rs. } 7,960 \text{ million} - \text{Rs. } 280 \text{ million}$$ $$\text{NNP} = \text{Rs. } 7,680 \text{ million}$$

National Income is NNP at factor cost, which is NNP at market price minus net indirect taxes. Net indirect taxes are indirect taxes minus subsidies.

$$\text{Net Indirect Taxes} = \text{Indirect taxes} - \text{Subsidies}$$ $$\text{Net Indirect Taxes} = \text{Rs. } 10 \text{ million} - \text{Rs. } 5 \text{ million}$$ $$\text{Net Indirect Taxes} = \text{Rs. } 5 \text{ million}$$ $$\text{NI} = \text{NNP} - \text{Net Indirect Taxes}$$ $$\text{NI} = \text{Rs. } 7,680 \text{ million} - \text{Rs. } 5 \text{ million}$$ $$\text{NI} = \text{Rs. } 7,675 \text{ million}$$

Personal Income is National Income adjusted for corporate taxes, undistributed corporate profits, social security contributions, and transfer payments.

$$\text{PI} = \text{NI} - \text{Corporate income taxes} - \text{Undistributed corporate profit} - \text{Social security contribution} + \text{Transfer payments}$$ $$\text{PI} = \text{Rs. } 7,675 \text{ million} - \text{Rs. } 1 \text{ million} - \text{Rs. } 50 \text{ million} - \text{Rs. } 3 \text{ million} + \text{Rs. } 5 \text{ million}$$ $$\text{PI} = \text{Rs. } 7,675 \text{ million} - \text{Rs. } 54 \text{ million} + \text{Rs. } 5 \text{ million}$$ $$\text{PI} = \text{Rs. } 7,621 \text{ million} + \text{Rs. } 5 \text{ million}$$ $$\text{PI} = \text{Rs. } 7,626 \text{ million}$$

Disposable Income is Personal Income minus personal taxes (direct taxes).

$$\text{DI} = \text{PI} - \text{Personal taxes (direct taxes)}$$ $$\text{DI} = \text{Rs. } 7,626 \text{ million} - \text{Rs. } 10 \text{ million}$$ $$\text{DI} = \text{Rs. } 7,616 \text{ million}$$

The calculated values are:

• GNP: $\boxed{\text{Rs. } 7,960 \text{ million}}$
• NNP: $\boxed{\text{Rs. } 7,680 \text{ million}}$
• NI: $\boxed{\text{Rs. } 7,675 \text{ million}}$
• PI: $\boxed{\text{Rs. } 7,626 \text{ million}}$
• DI: $\boxed{\text{Rs. } 7,616 \text{ million}}$