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प्रश्न
Distinguish between Factor Cost and Market Price.
उत्तर
| Factor Cost | Market Price | |
| 1. | The term factor cost refers to the prices of products as received by the producers. | MP is the market price paid by a buyer of a commodity. |
| 2. | FC = MP - NIT (NIT `->` Net indirect taxes) |
MP = FC + NIT (IT - Subsidies) |
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संबंधित प्रश्न
Given normal income, how can we find real income? Explain.
“Income method” is also known as ______.
Explain the steps involved in calculating the National income by Income method.
From the following data, calculate Personal Income and Personal Disposable Income.
| Rs (crore) | ||
| (a) | Net Domestic Product at factor cost | 8,000 |
| (b) | Net Factor Income from abroad | 200 |
| (c) | Undisbursed Profit | 1,000 |
| (d) | Corporate Tax | 500 |
| (e) | Interest Received by Households | 1,500 |
| (f) | Interest Paid by Households | 1,200 |
| (g) | Transfer Income | 300 |
| (h) | Personal Tax | 500 |
Identify the correctly matched pair of items in Column A to those in Column B:
| Column A | Column B |
| 1. Income Tax | (a) Forced Transfer |
| 2. Services of Housewives | (b) Market Activities |
| 3. Retirement Pension | (c) Taxable for Firm |
| 4. Annual value of goods and services produced. | (d) Income method |
What is equilibrium income?
In an economy, C = 300 + 0.5Y and I = ?. 600/- (where C = consumption, Y = income or investment). Computer the Consumption expenditure at equilibrium level of income
We suppose that C = 70 + 0.70Y D, I = 90, G = 100, T = 0.10Y (1) Find the equilibrium income
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. Find the net export balance at equilibrium income
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. What happens to equilibrium income and the net export balance when the government purchases increase from 40 to 50?
______ is the part of Profit.
How is the interest earned by normal resident treated?
What is the other name for Income Method?
Read the following figure carefully and choose the correct pair from the alternatives given below:
Explain the precautions to be taken while using the income method of measuring national income.
Find the odd word out:
Transfer payments:
With reference to the diagram shown above, select the reason for the movement from point M to N from the following options.
