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Which is the largest figure? - Economics

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प्रश्न

Which is the largest figure?

विकल्प

  • Disposable income

  • Personal Income

  • NNP

  • GNP

MCQ

उत्तर

GNP

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अध्याय 2: National Income - Model Questions [पृष्ठ ३३]

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सामाचीर कलवी Economics [English] Class 12 TN Board
अध्याय 2 National Income
Model Questions | Q 5. | पृष्ठ ३३

संबंधित प्रश्न

With the increase in income, both consumption and savings increase.


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

i. Expenditure on fertilizers by a farmer.
ii. Purchase of tractor by a farmer.


Calculate (a) National Income, and (b) Net National Disposable Income:

  (Rs In crores)
(i) Compensation of employees 2,000
(ii) Rent 400
(iii) Profit 900
(iv) Dividend 100
(v) Interest 500
(vi) Mixed income of self- employed 7,000
(vii) Net factor income to abroad 50
(viii) Net export 60
(ix) Net indirect taxes 300
(x) Depreciation 150
(xi) Net current transfers to aboard 30

Calculate the (a) Net National product as markets price. and (b) Gross National Disposable Income:

  (Rs In crores)
(i) Mixed income of self – employed 8,000
(ii) Rent 400
(iii) Profit 900
(iv) Dividend 100
(v) Interest 500
(vi) Mixed income of self- employed 7,000
(vii) Net factor income to abroad 50
(viii) Net export 60
(ix) Net indirect taxes 300
(x) Depreciation 150

How should the following be treated while estimating national income? You must give the reason in support of your answer.

Addition to stocks during a year


Give reasons or explain the following

The propensity to save depends upon the level of income.


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.


Fill in the blank using proper alternative given in the bracket:

 National income is ........ concept.


Give reason or Explain the following statement :

Paid services are included in national income.


Answer the following question:

Explain the concept of Gross domestic product at market prices.


Fill in the blank with appropriate alternatives given below

National income is __________ concept.


Distinguish between the following.

Personal income and Disposable income


  1. Explain the concept of product (real flow) with the help of above diagram. (2m) 
  2. Explain the concept of Money flow with the help of above diagram. (2m)

GNP =______ + Net factor income from abroad.


When net factor income from abroad is deducted from NNP, the net value is______.


The value of NNP at production point is called______.


Explain briefly NNP at factor cost.


Consider the following statements and identify the right ones.

  1. Personal income refers to the income of individuals of a country.
  2. The income at their disposal after paying direct taxes is called disposable income.

The market price of all final goods of a country in a year is known as:


If economic subsidies are added to and Indirect taxes are substracted from the national income at market prices, then it will be equal to ______.


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