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Question
When net factor income from abroad is deducted from NNP, the net value is______.
Options
Gross National Product
Disposable Income
Net Domestic Product
Personal Income
Solution
When net factor income from abroad is deducted from NNP, the net value is Net Domestic Product.
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RELATED QUESTIONS
Calculate the (a) Net National product as markets price. and (b) Gross National Disposable Income:
| (Rs In crores) | |
| (i) Mixed income of self – employed | 8,000 |
| (ii) Rent | 400 |
| (iii) Profit | 900 |
| (iv) Dividend | 100 |
| (v) Interest | 500 |
| (vi) Mixed income of self- employed | 7,000 |
| (vii) Net factor income to abroad | 50 |
| (viii) Net export | 60 |
| (ix) Net indirect taxes | 300 |
| (x) Depreciation | 150 |
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
Investment made by the government is _____________ investment.(unplanned/gross/autonomous/induced)
Distinguish between the following :
Output method and Income method of measuring national income.
Answer the following question:
Explain the concept of Gross domestic product at market prices.
Distinguish between:
Gross national product and Gross domestic product.
Distinguish between:
National income at market prices and national income at factor cost
Write short note on:
Personal disposable income
Give reason or explain the following statement:
National income at factor cost includes subsidy.
Fill in the blank with appropriate alternatives given below
Paper purchased by a publisher is __________.
Define the following:
Income from property and entrepreneurship
Find the odd word
Concepts of national income -
GNP =______ + Net factor income from abroad.
GNP =______ + Net factor income from abroad.
Explain the meaning of non-market activities.
GDPFC = ____________.
