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Trace the relationship between GNP and NNP. - Economics

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प्रश्न

Trace the relationship between GNP and NNP.

टीपा लिहा

उत्तर

  • GNP is the total measure of the flow of final goods and services at market value during a year.
  • NNP is the value of the net output of the economy during the year.
  • NNP = GNP – depreciation
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पाठ 2: National Income - Model Questions [पृष्ठ ३४]

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सामाचीर कलवी Economics [English] Class 12 TN Board
पाठ 2 National Income
Model Questions | Q 24. | पृष्ठ ३४

संबंधित प्रश्‍न

Unpaid services are not included in national income.


Explain national income determination through the two alternative approaches. Use Diagram.


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


Define or explain the following concept.

Induced Consumption expenditure.


Choose the correct answer:      
When income increases, the consumption expenditure _________.
(a) increases
(b) decreases
(c) becomes equal
(d) becomes zero

Write explanatory notes.  

Output method of measurement of national income. 

 


Answer in detail:
Explain the Output method of measuring National income.


Write short note on:

Value added approach


Define or explain the following concept:

 Personal income


State whether the following statement is true or false.

GDP includes net income from abroad.


State whether the following statement is true or false.

Financial year in India is leap year.


Distinguish between the following.

Personal income and Disposable income


Find the odd word

Concepts of national income -


  1. Explain the concept of product (real flow) with the help of above diagram. (2m) 
  2. Explain the concept of Money flow with the help of above diagram. (2m)

GNP =______ + Net factor income from abroad.


The average income of the country is______.


Nominal GNP is same as ____________.


Accounting of National Income at constant prices is known as ____________.


NNPMP =?


Which of the following is correct?


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