# National Income and Related Aggregates (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 48 - 53 of 68

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 523 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 900.00 or

## Question number: 48

» National Income and Related Aggregates » Types of Goods

### Write in Short

What is the difference between the values of exports of goods and imports of goods?

## Question number: 49

» National Income and Related Aggregates » National Disposable Income

Essay Question▾

### Describe in Detail

If marginal propensity to save is 0.2. How much new investment is required to make the national income rise by Rs. 600 crores? Calculate.

### Explanation

K= = = 1.25

K= = =480

So, desired increase in investment = Rs. 480 crore.

Calculation of Marginal Propensity to Save

In this video calculation of marginal propensity to save

… (32 more words) …

## Question number: 50

» National Income and Related Aggregates » National Disposable Income

Essay Question▾

### Describe in Detail

Calculate Gross National Product at Market Price an Net National Disposable income from the following data:

### Explanation

 - ( Rs. Crores) Net current transfer to abroad (-) 5 Profits 70 Consumption of fixed capital 30 Rent 40 Indirect tax 20 Interest 100 Royalty 10 Compensation of employees 600 Subsidy 5 Net factor income from abroad (-) 25

… (25 more words) …

## Question number: 51

» National Income and Related Aggregates » Gross Investment

Essay Question▾

### Describe in Detail

As a result of increase in investment national income rises by Rs. 600 crores. If marginal propensity to consume is 0.75, calculate the increase in investment.

### Explanation

Here, increase in investment national income () = Rs. 600 Crores

Marginal propensity to consume (MPC) = 0.75

K= = = = 4

K= so, = = = 150

So increase in investment = Rs 150 crore.

… (33 more words) …

## Question number: 52

» National Income and Related Aggregates » National Disposable Income

Essay Question▾

### Describe in Detail

Give reasons and explain how the following are treated while estimating national income:

(i) Payment of fees to a lawyer engaged by a firm.

(ii) Rent free house to and employee by an employer.

(iii) Purchases by foreign tourists.

### Explanation

(i) Payment of fees to a lawyer engaged by a firm: - It is central expenditure for the company it’s reason is that it involve purchase of services by single production unit from to another production unit. so, it is not included in national income.

(ii) Rent free house to and employee by an employer. : - it is included in the national income by

… (40 more words) …

## Question number: 53

» National Income and Related Aggregates » Personal Income

Essay Question▾

### Describe in Detail

Calculate ‘Gross National product at market price’ and ’ personal income’ from the following data:

 - ( Rs. Crores) Corporation tax 35 Wages and salaries 200 National debt interest 25 Operating surplus 400 Net current transfer from abroad 15 Net factor income from abroad (-) 10 Consumption of fixed capital 20 Social security Contributions by employers 30 Net indirect tax 40 Net domestic product at factor cost accruing to the private sector 500 Current transfers from government 5

### Explanation

GNP = Operating surplus + Consumption of fixed capital + Net indirect tax - Net factor income from abroad

400 + 2 +10 + 40 = 452

Personal income = Wages and salaries + National debt interest + Net domestic product at factor cost accruing to the private sector - Corporation tax - Social security Contributions by employers + Current transfers f

… (3 more words) …

f Page