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प्रश्न
Other things remaining unchanged, when in a country the price of foreign currency rises, national income is: (choose the correct alternative)
a. Likely to rise
b. Likely to fall
c. Likely to rise and fall both
d. Not affected
उत्तर
Likely to rise
Currency depreciation takes place when there is an increase in the price of a foreign currency in terms of the domestic currency. Here, more rupees are required to buy one dollar, i.e. the value of domestic currency becomes less valuable in relation to a foreign currency. So, the quantum of imports will reduce and the exports will increase, and thereby, it leads to an increase in national income.
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संबंधित प्रश्न
In order to avoid double counting, value added approach is used.
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a. Consumption of fixed capital
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Giving reason explain how the following should be treated in the estimation of national income:
Payment of interest by an individual to a bank
Giving reasons explain how should the following be treated in the estimation of national income:
Purchase of uniforms for nurses by a hospital
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(ii) Consumption expenditure at equilibrium level of national income.
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Output method and Income method of measuring national income.
Give reason or Explain the following statement :
Paid services are included in national income.
Give reason or explain the following statement:
Income from second hand sale of goods is excluded from national income.
Give reason or explain the following statement:
Old age pension is transfer income.
State whether the following statement is true or false.
Services of housewives are included in national income.
Explain the meaning of non-market activities.
Real GNP is same as ______.
If for a country net factor income from abroad is negative then:
Explain the meaning of national income.
