# National Income and Related Aggregates (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 1 - 3 of 68

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## Question number: 1

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

» National Income and Related Aggregates » Methods of Calculating National Income » Expenditure Method

Essay Question▾

### Describe in Detail

From the following data calculate National Income by Income and Expenditure

methods:

 NO. (Rs crores) 1 Government final consumption expenditure 100 2 Subsidies 10 3 Rent 200 4 Wages and salaries 600 5 Indirect taxes 60 6 Private final consumption expenditure 800 7 Gross domestic capital formation 120 8 Social security contributions by employers’ 55 9 Royalty 25 10 Net factor income paid to abroad 30 11 Interest 20 12 Consumption of fixed capital 10 13 Profit 130 14 Net exports 70 15 Change in stock 50

### Explanation

Income Method

National Income = (4) + (8) + (3 + 9) + (11) + (13) – (10)

= 600 + 55 + (200 + 25) + 20 + 130 - 30

= Rs. 1,000 crores

Expenditure Method

National Income = 6 + 1 + 7 + 14 – 5 + 2 – 12 – 10

= 800 + 100 + 120 + 70 – 60 + 10 – 10 – 30

= Rs. 1,000 crores

… (7 more words) …

## Question number: 2

» National Income and Related Aggregates » Methods of Calculating National Income » Value Added or Product Method

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

### Write in Short

Explain any two precautions that should be taken while estimating national income by (a) value added method, and (b) income method.

## Question number: 3

» National Income and Related Aggregates » Gross National Product

» National Income and Related Aggregates » National Disposable Income