National Income and Related Aggregates (CBSE Class-12 Economics): Questions 4 - 7 of 68

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Question number: 4

» National Income and Related Aggregates » Types of Goods

Short Answer Question▾

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‘Machine’ purchased is always a final good. ’ Do you agree? Give reasons for your answer.

Question number: 5

» National Income and Related Aggregates » National Disposable Income

» National Income and Related Aggregates » Personal Income

Short Answer Question▾

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Calculate Gross National Disposable Income and Personal Income from the following data:

information is given to calculate gross national disposable income and personal income

various data and their respective amount is given for calculation purpose

No.

particulars

Amount ( Rs. Crores)

1

Personal tax

120

2

Net indirect tax

100

3

Corporation tax

90

4

National income

1000

5

Net factor income from abroad

5

6

Consumption of fixed capital

50

7

National debt interest

70

8

Retained earnings of private corporate sector

40

9

Net current transfers to the rest of the world.

(-) 20

10

Current transfers from government

30

11

Share of government in national income

80

Question number: 6

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

One Liner Question▾

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From the following data relating to a firm, calculate its net value added at factor cost:

information regarding the calculation of net value added at factor cost

various data and their amount is given for the calculation

No.

particulars

Amount ( Rs. in Crores)

1

Subsidy

40

2

Sales

800

3

Depreciation

30

4

Exports

100

5

Closing stock

20

6

Opening stock

50

7

Intermediate purchases

500

Question number: 7

» National Income and Related Aggregates » Real and Nominal GDP

One Liner Question▾

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Give the meaning of Nominal GDP and Real GDP. Which of these is the indicator of economic welfare?

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