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Question
How should the following be treated while estimating national income? You must give the reason in support of your answer.
Bonus paid to employees
Solution
Bonus paid to employees will be included in the estimation of national income because it is a part of the compensation paid to employees.
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RELATED QUESTIONS
Calculate the 'National Income' and 'Private Income' :
| (Rs in crores) | ||
| 1 | Rent | 200 |
| 2 | Net factor income to abroad | 10 |
| 3 | National debt interest | 15 |
| 4 | Wages and salaries | 700 |
| 5 | Current transfers from government | 10 |
| 6 | Undistributed profit | 20 |
| 7 | Corporation tax | 30 |
| 8 | Interest | 150 |
| 9 | Social security contributions by employers | 100 |
| 10 | Net domestic product accruing to government | 250 |
| 11 | Net current transfers to rest of the world | 5 |
| 12 | Dividends | 50 |
Giving reasons explain how should the following be treated in the estimation of national income:
Purchase of uniforms for nurses by a hospital
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
Calculate 'Marginal Propensity to Consume' from the following data about an economy which is in equilibrium:
National income = 800
Autonomous consumption expenditure = 100
Investment expenditure = 100
Define or explain the following concept.
Induced Consumption expenditure.
Explain the circular flow of national income.
Answer the following question:
Explain the income method of measuring national income.
State with reason whether you agree or disagree with the following statement:
Gross National product and Gross Domestic product are same concepts.
Write short note on:
Circular flow of national income
Give reason or explain the following statement:
Paid services are included in national income.
Fill in the blank with appropriate alternatives given below
In India, the responsibility for the calculation of national income rests with _________.
Complete the following statement.
NNP is obtained by ______.
Write the formula for calculating GNP.
GDPFC = ____________.
NNPFC =
GNPMP =?
Which of the following is correct?
Which of the following is not a component of domestic income?
Give economic term:
The volume of commodities and services turned out during a given period counted without duplication.
