National Income and Related Aggregates (CBSE Class-12 Economics): Questions 67 - 68 of 68

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Question number: 67

» National Income and Related Aggregates » Private Income

Short Answer Question▾

Write in Short

Calculate ‘private income’ from the following data:

Calculate private income

In this given table in deatail.

-

( Rs. crores)

National debt interest

30

Gross national product at market price

400

Current transfers from government

20

Net indirect taxes

40

Net current transfers from the rest of the world

(-) 10

Net domestic product at factor cost accruing to government

50

Consumption of fixed capital

70

Question number: 68

» National Income and Related Aggregates » National Disposable Income

Essay Question▾

Describe in Detail

Explain the production method of estimating national income.

Explanation

There are three method of estimating national income: -

(1) Income method

(2) Product method

(3) Expenditure method

(1) Income method: - In this method production of participate an activity to generate goods and services. Compensated for the productive services produced in economy. This compensation income payment takes form of… (225 more words) …

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