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प्रश्न
Write the formula for calculating GNP.
उत्तर
GNP at market prices = C + I + G + (X – M) + (R-P) .
C – consumption
I – Investment
G-Government
X – M – Net export
R-P – net factor income from abroad.
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संबंधित प्रश्न
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.
Calculation National Income and Personal Disposable Income:
| (Rs crores) | ||
| 1 | Rent | 100 |
| 2 | Net current transfers to rest of the world | 30 |
| 3 | Social security contributions by employers | 47 |
| 4 | Mixed income | 600 |
| 5 | Gross domestic capital formation | 140 |
| 6 | Royalty | 20 |
| 7 | Interest | 110 |
| 8 | Compensation of employees | 500 |
| 9 | Net domestic capital formation | 120 |
| 10 | Net factor income from abroad | (-)10 |
| 11 | Net indirect tax | 150 |
| 12 | Profit | 200 |
How should the following be treated in estimating the national income of a country? You must give the reason for your answer
Expenditure on providing police services by the government
Give reasons or explain the following
The propensity to save depends upon the level of income.
Give reasons or Explain the following statements
Services of housewives are excluded from national income.
Define or explain the following concept.
Disposable income.
State whether the following statements are TRUE or FALSE:
Saving increases with increase in income.
Answer in detail:
Explain the 'Final Good Approach' to avoid double counting of goods and services in the estimation of national income.
Distinguish between:
Gross National Product and Net National Product
Write short note on:
Value added approach
State whether the following statement is true or false.
National income is computed every year.
Match the following groups:
| Group A | Group B | ||
| 1) | Income method | a) | Personal income – direct taxes |
| 2) | Unemployment allowance | b) | Money value of goods and services |
| 3) | Disposable Income | c) | Factor cost method |
| 4) | National Income | d) | Personal income subsidy |
| 5) | NNP(MP) | e) | Transfer payment |
| f) | GNP(MP) - Depreciation | ||
| g) | Output method | ||
| h) | Transfer income | ||
Find the odd word
Concepts of national income -
GNP at MP = ____________.
Accounting of National Income at constant prices is known as ____________.
Which of the following items are excluded from GNP measurement?
If economic subsidies are added to and Indirect taxes are substracted from the national income at market prices, then it will be equal to ______.
The market value of all final goods and services produced in an economy over a year is called:
Total national income divided by total population is known as:
