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प्रश्न
How should the following be treated in estimating National Income of a Country? Give valid reasons.
Expenditure on upgradation of fixed asset by a firm.
उत्तर
Expenditure on upgradation of fixed asset by a firm: Included in national income.
Reason: It is capital formation expense. As a result, it is a sort of investment expenditure, and it is included in the estimation of National Income on both consumption and investment.
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संबंधित प्रश्न
Unpaid services are not included in national income.
Calculate National Income from the following data:
| S.No. | Particulars | Rs.in crores |
| (i) | Private final consumption expenditure | 900 |
| (ii) | Profit | 100 |
| (iii) | Government final consumption expenditure | 400 |
| (iv) | Net indirect taxes | 100 |
| (v) | Gross domestic capital formation | 250 |
| (vi) | Change in stock | 50 |
| (vii) | Net factor income from abroad | (-)40 |
| (viii) | Consumption of fixed capital | 20 |
| (ix) | Net imports | 30 |
National income is the sum of factor incomes accruing to : (Choose the correct alternative)
(a) Nationals
(b) Economic territory
(c) Residents
(d) Both residents and non-residents
Giving reason explain how the following should be treated in the estimation of national income:
Payment of interest by a bank to an individual
Calculate national income and gross national disposable income from the following:
| (Rs Arab) | ||
| 1 | Net current transfers to abroad | 5 |
| 2 | Government final consumption expenditure | 100 |
| 3 | Net indirect tax | 80 |
| 4 | Private final consumption expenditure | 300 |
| 5 | Consumption of fixed capital | 20 |
| 6 | Gross domestic fixed capital formation | 50 |
| 7 | Net imports | (-)10 |
| 8 | Closing stock | 25 |
| 9 | Opening stock | 25 |
| 10 | Net factor income to abroad | 10 |
Give reasons or Explain the following statements
Services of housewives are excluded from national income.
State whether the following statements are True or False with reason:
Ten years period is considered for measuring National Income.
Define or explain the following concept:
Final goods
Define or explain the following concept:
National income
Give reason or explain the following statement:
Paid services are included in national income.
State whether the following statement is true or false.
Inclusion of value of intermediate goods leads to double counting.
State whether the following statement is true or false.
Services of housewives are included in national income.
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.
Which is the largest figure?
GNP =______ + Net factor income from abroad.
Write the formula for calculating GNP.
What is the difference between NNP and NDP?
Write a short note on per capita income.
NNPMP =
If factor cost is greater than marker price, it means that:
