National Income and Related Aggregates (CBSE Class-12 Economics): Questions 11 - 15 of 68

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Question number: 11

» National Income and Related Aggregates » Gross National Product

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Calculate gross fixed capital formation from the following data:

Information to calculate gross fixed capital formation

amount of various data is given for caluculation

NO.

particulars

Rs. Crores

1

Private final consumption expenditure

1000

2

Government final consumption expenditure

500

3

Net exports

(-) 50

4

Net factor income from abroad

20

5

Gross domestic product at market price

2, 500

5

Opening stock

300

7

Closing stock

200

Question number: 12

» National Income and Related Aggregates » Gross and Net Domestic Product

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How will you treat the following while estimating domestic product of India?

(i) Rent received by a resident Indian from his property in Singapore.

(ii) Salaries to Indians working in Japanies Embassy in India.

(iii) Profits earned by a branch of an American Bank in India.

(iv) Salaries paid to Koreans working in Indian embassy in Korea.

Question number: 13

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

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Explain the effect of appreciation of domestic currency on imports.

Question number: 14

» National Income and Related Aggregates » Stocks and Flows

» National Income and Related Aggregates » Types of Goods

» National Income and Related Aggregates » Real and Nominal GDP

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State whether the following statements are true or false. Give reasons for your answer:

(a) Capital formation is a flow.

(b) Bread is always a consumer good.

(c) Nominal GDP can never be less than Real GDP.

(d) Gross domestic capital formation is always greater than gross fixed capital formation.

Question number: 15

» National Income and Related Aggregates » Depreciation

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Explain the effect of depreciation of domestic currency on exports.

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