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(1) Total national income in the country in the year 2020 was 900 OMR million and total non- earning income was .12 million. Undistributed
(1) Total national income in the country in the year 2020 was 900 OMR million and total non- earning income was .12 million. Undistributed profit is 14% of the nation income. Calculate Personal income and disposable income if tax applicable is 12% on personal income. (2) Total national income in the country in the year 2017 was 710 OMR million and total non- earning income was 8 million. Undistributed profit is 16% of the nation income. Calculate Personal income. (Tax 12%) (3) Calculate the real and nominal GDP considering 2006 as base year. Check the growth rate from 2006 to 2007 Year Oranges Mobile phone cakes Price Quantity Price Quantity Price Quantity 2005 0.6 480 110 320 3 570 2006 0.7 520 105 360 3.5 600 2007 0.75 600 115 410 4 660 (4) Y=3170, APC = 065 Calculate Total consumption and total saving (5) Y1=2270, Y2=3350, APC at first income is 0.6. Consumption on second is 1520. Calculate MPC and MPS (6) From the following table, calculate the value added: Stage of Production (1) Oil drilling (2) Refining (3) Shipping (4) Retail sale Value of Sales Value Added 50 ? 65 ? 80 100 Total value added (7) Calculate the consumer price index from the following The CPI in Ruwi is 150 and the income is 85000 The CPI in Salala is 130 and the income is 73000
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