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प्रश्न
Differentiate between personal and disposable income.
उत्तर
- Personal income:
Personal income is the total income received by the individuals of a country from all sources before payment of direct taxes in a year. - Disposable income:
Disposable Income is also known as Disposable personal income. It is the individuals income after the payment of income tax. This is the amount available for households for consumption.
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संबंधित प्रश्न
Unpaid services are not included in national income.
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.
Giving reason explain how should the following be treated in the estimation of national income:
Payment of corporate tax by a firm
Giving reason explain how should the following be treated in the estimation of national income:
Purchase of refrigerator by a firm for own use
Giving reason explain how the following should be treated in the estimation of national income:
Payment of interest by a bank to an individual
Write explanatory answer:
Explain the output method of measuring national income.
Answer the following question:
Explain the income method of measuring national income.
Distinguish between:
Output method of measuring national income and Income method of measuring national income.
Write short note on:
Expenditure method of measuring national income.
Write short note on:
Personal disposable income
Give reason or explain the following statement:
National income estimates are accurate in India.
Fill in the blank with appropriate alternatives given below
GDP (FC) = GDP (MP) – __________
Complete the following statement.
NNP is obtained by ______.
Assertion and Reasoning type question.
Assertion (A): In national income, value of only final goods and services produced in the economy are considered.
Reasoning (R): National income is always expressed in monetary terms.
- Explain the concept of product (real flow) with the help of above diagram. (2m)
- Explain the concept of Money flow with the help of above diagram. (2m)
Which is the largest figure?
Write the formula for calculating GNP.
Trace the relationship between GNP and NNP.
Give economic term:
The volume of commodities and services turned out during a given period counted without duplication.
