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

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Question number: 48

» National Income and Related Aggregates » Types of Goods

Short Answer Question▾

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= Equation = Equation = 1.25

K= Equation Equation = Equation =480

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

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Calculation of Marginal Propensity to Save

In this video calculation of marginal propensity to save

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

Calculate Gross National Product at Market Price

Find Gross National Product at Market Price

-

( 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… (41 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 ( Equation ) = Rs. 600 Crores

Marginal propensity to consume (MPC) = 0.75

K= Equation = Equation = Equation = 4

K= Equation so, Equation = Equation = Equation = 150

So increase in investment = Rs 150 crore.

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… (55 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:

Calculate Gross National product at market price and personal income

Find Gross National product at market price and personal income

-

( 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 -… (26 more words) …

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