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प्रश्न
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
उत्तर
Addition to stocks during a year will be included in the estimation of national income because it forms a part of the gross domestic capital formation and is included in the capital stock.
APPEARS IN
संबंधित प्रश्न
Total Cost and Total Revenue.
In order to avoid double counting, value added approach is used.
Find national income and private income:
(Rs crore)
(i) Wages and salaries 1,000
(ii) Net current transfer to abroad 20
(iii) Net factor income paid to abroad 10
(iv) Profit 400
(v) National debt interest 120
(vi) Social security contributions by employers 100
(vii) Current transfers from government 60
(viii) National income accruing to government 150
(ix) Rent 200
(x) Interest 300
(xi) Royalty 50
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
Calculation National Income and Personal Disposable Income:
| (Rs crores) | ||
| 1 | Personal tax | 80 |
| 2 | Private final consumption expenditure | 600 |
| 3 | Undistributed profits | 30 |
| 4 | Private income | 650 |
| 5 | Government final consumption expenditure | 100 |
| 6 | Corporate tax | 50 |
| 7 | Net domestic fixed capital formation | 70 |
| 8 | Net indirect tax | 60 |
| 9 | Depreciation | 14 |
| 10 | Change in stocks | (-)10 |
| 11 | Net imports | 20 |
| 12 | Net factor income to abroad | 10 |
Explain national income determination through the two alternative approaches. Use Diagram.
Explain the circular flow of national income.
Write Explanatory answer. (Any Two )
What is national income. Explain how national income is mesured by output method
Give reasons or explain the following statements:
The net national income is less than gross national income.
Answer in detail:
Explain the Output method of measuring National income.
State whether the following statement is true or false.
National income is computed every year.
Fill in the blank with appropriate alternatives given below
National income is __________ concept.
Differentiate between personal and disposable income.
What is the solution to the problem of double counting in the estimation of national income?
Explain the meaning of non-market activities.
NNPMP =
GDP MP = Rs.1000 and subsidies = Rs.50, then GDP FC will be ______.
If for a country net factor income from abroad is negative then:
Explain the meaning of national income.
