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प्रश्न
What is the difference between NNP and NDP?
उत्तर
| NNP | NDP |
|
NNP refers to the market value of output. |
NDP is the value of the net output of the economy during the year |
|
NNP at factor cost is the total income payment made to factors of production. |
The country’s capital equipment wears out of becomes outdated each year during the production process. |
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संबंधित प्रश्न
National income
Total Cost and Total Revenue.
Giving reason explain how the following should be treated in the estimation of national income:
Payment of interest by a firm to a bank
How should the following be treated in estimating the national income of a country? You must give a reason for your answer.
Taking care of aged parents
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.
Disposable income.
State whether the following statement is true or false.
Investment made by the government is autonomous investment.
Define or explain the following concept.
Induced Consumption expenditure.
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:
Output method of measuring national income and Income method of measuring national income.
Write short note on:
Expenditure method of measuring national income.
Write short note on:
Personal disposable income
Define or explain the following concept:
Personal income
Give reason or explain the following statement:
National income estimates are accurate in India.
Fill in the blank with appropriate alternatives given below
GDP (FC) = GDP (MP) – __________
PASSAGE
Corona has slowed down the economy Lockdown imposed to contain the spread of Corona virus had resulted in closure of manufacturing and business activities. During this financial year, the economy is expected to move towards a contractionary phase rather than expansionary phase. This has been stated in the budget. This is the first paperless budget in the history of India. At the same time, it is the third post-independence budget to be presented at a time when the economy is shrinking. The budget shows a fiscal deficit of more than 5%.
The Union Finance Minister has presented a budget that seeks to accelerate the economy by balancing the impact of Corona on the economy on one hand and growing expectations of all sectors on the other. A significant increase in the allocation for Healthcare by 137% is a feature of this budget. In this budget, the expected revenue for the year 212-2022 is Rs. 34,35, 000crore and the expected expenditure is Rs. 35,83, 000 crore.
Attempts have been made to boost infrastructure, education, agricultural production, employment generation and industry, but the Income tax status quo has remained the same. The budget provides Rs.16.5 lakh crore for agricultural credit, Rs. 223,000 crore for health facilities, Rs. 3 lakh crore for Power Distribution Scheme, Rs. 15,700 crore for Small and Medium Enterprises and Rs. 20,000 crore for Government Bank Capital.
- What is the percentage increase in the provision for Healthcare? (1 mark)
- Mention the sectors that have been promoted in this budget. (1 mark)
- Express your personal opinion based on the above information regarding the budget ( 2 marks)
Per capita income is obtained by dividing the National income by the ______.
The average income of the country is______.
GDP MP = Rs.1000 and subsidies = Rs.50, then GDP FC will be ______.
