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Find National Income from the Following: Autonomous Consumption = Rs100 Marginal Propensity to Consume = 0.80 Investment = Rs 50 - Economics

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प्रश्न

Find national income from the following:

Autonomous consumption = Rs100
Marginal propensity to consume = 0.80
Investment = Rs 50

उत्तर

C = Rs 100

MPC (b) =0.80

I= Rs 50

At equilibrium,

Y=C+I

or `Y=barC+bY+I`

By substituting the values, we get

Y=100 + 0.8Y + 50
0.2 Y = 150

Y= Rs 750
National Income =Rs 750

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2011-2012 (March) Delhi Set 1

संबंधित प्रश्न

National income


C = 100 + 0.4 Y is the Consumption Function of an economy where C is Consumption Expenditure and Y is National Income. Investment expenditure is 1.100. Calculate

(i) Equilibrium level of National Income.

(ii) Consumption expenditure at equilibrium level of national income.


Explain the precautions that should be taken while estimating national income by expenditure method.


Giving reasons explain how should the following be treated in the estimation of national income:

Purchase of machinery by a factory for own use


Giving reasons explain how should the following be treated in the estimation of national income:

Purchase of uniforms for nurses by a hospital


Calculate 'National Income' and 'Net National Disposable Income' from the following

    (Rs in Arab)
1 Net change in stock 50
2 Government final consumption expenditure 100
3 Net current transfers to abroad 30
4 Gross domestic fixed capital formation 200
5 Private final consumption expenditure 500
6 Net imports 40
7 Depreciation 70
8 Net factor income to abroad (-)10
9 Net indirect tax 120
10 Net capital transfers to abroad 25

Explain national income determination through the two alternative approaches. Use Diagram.


Define or explain the following concept.

Disposable income.


Answer the following question:

Explain the concept of Gross domestic product at market prices.


State with reason whether you agree or disagree with the following statement:

Many precautions are to be taken while estimating national income by income method.


Distinguish between:

Gross national product and Gross domestic product.


Distinguish between:
Gross National Product and Net National Product


Complete the following statement.

NNP is obtained by ______.


Study the following table, figure, passage and answer the question given below it.

Components of GNP
for the year 2018
In crores
Consumption 200
Investment 300
Govt.Expenditure 400
Net export - 100
Net receipts  - 50
Depreciation 100

A. Complete the formula

GNP = C + `square` + G + (X - M) + `square` (1m)

B. Calculate Gross National Product & Net National Product from the above data. (3m)


Write a short note on per capita income.


Nominal GNP is same as ____________.


Which of the following is correct?


The market value of all final goods and services produced in an economy over a year is called:


Which of the following is not a component of domestic income?


Identify and explain the following concept.

Shobha collected data regarding the money value of all final goods and services produced in the country for the financial year 2019-20.


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