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प्रश्न
Giving reason explain how should the following be treated in the estimation of national income:
Purchase of refrigerator by a firm for own use
उत्तर
Purchase of refrigerator by a firm for own use is included in the estimation of national income because it is the final investment expenditure of the firm
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संबंधित प्रश्न
Explain the various methods of measuring national income.
Unpaid services are not included in 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.
Calculate National Income from the following data:
| S.No. | Particulars | Rs.in crores |
| (i) | Private final consumption expenditure | 900 |
| (ii) | Profit | 100 |
| (iii) | Government final consumption expenditure | 400 |
| (iv) | Net indirect taxes | 100 |
| (v) | Gross domestic capital formation | 250 |
| (vi) | Change in stock | 50 |
| (vii) | Net factor income from abroad | (-)40 |
| (viii) | Consumption of fixed capital | 20 |
| (ix) | Net imports | 30 |
Which of the following affects national income? (Choose the correct alternative)
(a) Goods and Service tax
(b) Corporation tax
(c) Subsidies
(d) None of the above
Calculate 'Net National Product at Market Price' and 'Personal Income'.
| (Rs crore) | ||
| (i) | Transfer payments by government | 7 |
| (ii) | Government final consumption expenditure | 50 |
| (iii) | Net imports | -10 |
| (iv) | Net domestic fixed capital formation | 60 |
| (v) | Private final consumption expenditure | 300 |
| (vi) | Private income | 280 |
| (vii) | Net factor income to abroad | -5 |
| (viii) | Closing stock | 8 |
| (ix) | Opening stock | 8 |
| (x) | Depreciation | 12 |
| (xi) | Corporate tax | 60 |
| Xii | Retained earnings of corporatio | 20 |
How should the following be treated while estimating national income? You must give the reason in support of your answer.
Purchase of taxi by a taxi driver.
C = 50 + 0.5 Y is the Consumption Function where C is consumption expenditure and Y is National Income and Investment expenditure is 2000 is an economy. Calculate
(i) Equilibrium level of National Income.
(ii) Consumption expenditure at equilibrium level of national income.
Define or explain the following concept.
Disposable income.
Answer the following question:
Explain the concept of Gross domestic product at market prices.
Answer in detail:
Explain the Output method of measuring National income.
Distinguish between:
Gross National Product and Net National Product
Write short note on:
Value added approach
Define or explain the following concept:
Final goods
State whether the following statement is true or false.
National income is computed every year.
State whether the following statement is true or false.
Services of housewives are included in national income.
Explain the meaning of non-market activities.
GNP at MP = ____________.
Which of the following items are excluded from GNP measurement?
Which one is true?
