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Giving Reasons Explain How Should the Following Be Treated in the Estimation of National Income: Purchase of Uniforms for Nurses by a Hospital - Economics

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प्रश्न

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

Purchase of uniforms for nurses by a hospital

उत्तर

Purchase of uniforms for nurses by a hospital is included in the estimation of national income because the consumption of uniforms is made by the final consumers and it is only treated as investment expenditure.

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संबंधित प्रश्न

Explain the various methods of measuring national income.


Find national income and private income:

                                                                                                            (Rs crore)

(i) Wages and salaries                                                                               1,000

(ii) Net current transfer to abroad                                                                   20

(iii) Net factor income paid to abroad                                                              10

(iv) Profit                                                                                                    400

(v) National debt interest                                                                              120

(vi) Social security contributions by employers                                               100

(vii) Current transfers from government                                                         60

(viii) National income accruing to government                                                150

(ix) Rent                                                                                                     200

(x) Interest                                                                                                 300

(xi) Royalty                                                                                                  50


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

Payment of interest by an individual to a bank


Calculate investment expenditure from the following data about an economy which is in equilibrium:
National income = 1500
Autonomous consumption expenditure = 300
Investment expenditure = 300


How should the following be treated in estimating the national income of a country? You must give a reason for your answer.

Taking care of aged parents


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


Give reasons or explain the following

The propensity to save depends upon the level of income.


Write explanatory answer:

Explain the output method of measuring national income.


Define or explain the following concept.

Disposable income.


Distinguish between:
Net national product and Net domestic product.


Give reason or explain the following statement:

National income at factor cost includes subsidy.


State whether the following statement is true or false.

GDP includes net income from abroad.


Fill in the blank with appropriate alternatives given below

National income is the subject matter of _________ Economics. 


NNP stands for______.


The average income of the country is______.


Trace the relationship between GNP and NNP.


Define GDP deflator.


GNPMP =?


How should the following be treated in estimating National Income of a Country? Give valid reasons. 

Profit earned by Foreign Banks in India.


How should the following be treated in estimating National Income of a Country? Give valid reasons.

Expenditure on upgradation of fixed asset by a firm.


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