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How Should the Following Be Treated in Estimating the National Income of a Country? You Must Give Reason for Your Answer Expenditure on Providing Police Services by the Government - Economics

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प्रश्न

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

उत्तर

Expenditure on providing police services by the government is included in the estimation of national income because it is a part of government’s final consumption expenditure

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2013-2014 (March) All India Set 1

संबंधित प्रश्‍न

Explain the various methods of measuring national income.


Explain various types of investment expenditure.


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

Expenditure by a firm on payment of fees to a chartered accountant


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 the following should be treated in the estimation of national income:

Payment of interest by a firm to a bank


Give reason or Explain the following statement :

Paid services are included in national income.


State with reason whether you agree or disagree with the following statement:

Many precautions are to be taken while estimating national income by income method.


Distinguish between:

Gross national product and Gross domestic product.


Distinguish between:
National income at market prices and national income at factor cost


Write short note on:

Net national product at factor cost


Define or explain the following concept:

National income


Give reason or explain the following statement:

Paid services are included in national income.


Answer the following question.
Define the problem of double counting in the computation of national income. State any two approaches to correct the problem of double counting.


Identify and explain the following concept:

Shobha collected data regarding the money value of all final goods and services produced in the country for the financial year 2018-2019.


Study the following table, figure, passage and answer the question given below it.

Components of GNP
for the year 2018
In crores
Consumption 200
Investment 300
Govt.Expenditure 400
Net export - 100
Net receipts  - 50
Depreciation 100

A. Complete the formula

GNP = C + `square` + G + (X - M) + `square` (1m)

B. Calculate Gross National Product & Net National Product from the above data. (3m)


GNP =______ + Net factor income from abroad.


NNP stands for______.


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.

GNPMP =?


How should the following be treated in estimating National Income of a Country? Give valid reasons. 

Profit earned by Foreign Banks in India.


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