National Income and Related Aggregates (CBSE Class-12 Economics): Questions 26 - 29 of 68

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Question number: 26

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

Appeared in Year: 2011

Essay Question▾

Describe in Detail

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

Calculate National Income and Gross National Disposable Income

Calculate Net National Product at Factor Cost and Gross National Disposable Income in detail.

( Rs. Crore)

Net current transfers to the rest of the world

(-) 5

Private final consumption expenditure

500

Consumption of fixed capital

20

Net factor income to abroad

(-) 10

Government final consumption expenditure

200

Net indirect tax

100

Net domestic fixed capital formation

120

Net imports

30

Change in stocks

(-) 20

Explanation

National Income (NNP) = Private Final Consumption Expenditure + Government Final Consumption Expenditure + (Net Domestic Fixed Capital Formation + Change in Stock) − Net Imports − Net Indirect Taxes − Net Factor Income to Abroad − Consumption of Fixed Capital

500 + 200 + 120 + (−20) − 30… (43 more words) …

Question number: 27

» National Income and Related Aggregates » GDP and Welfare

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Explain how ‘distribution of gross domestic product’ is a limitation in taking gross domestic product as an index of welfare.

Explanation

Gross domestic product is included in market value of goods and services. Gross domestic product is index of welfare depending on distribution of income in economy.

Welfare of people decreases because of increase in Gross domestic product and output causes increase in the income. Some people remain derived

Gross Domestic… (29 more words) …

Question number: 28

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

Appeared in Year: 2011

Short Answer Question▾

Write in Short

What is nominal gross domestic product?

Question number: 29

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

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Find Gross Domestic Product at Factor Cost and Factor Income To Abroad

Find Gross Domestic Product at Factor Cost and Factor Income To Abroad in details.

-

( Rs. in 000 crore)

Compensation of employees

800

Profits

200

Dividends

50

Gross national product at market price

1400

Rent

150

Interest

100

Gross domestic capital formation

300

Net fixed capital formation

200

Change in stock

50

Factor income from abroad

60

Net indirect taxes

120

Explanation

NDP = Compensation of employees + Profits + Dividends + Rent + Interest + Gross domestic capital formation - Net fixed capital formation - Change in stock

= 800 + 200 + 50 + 150 + 100 + 300 – 200 - 50

= 1300 + 50 = 1350

Gross… (77 more words) …

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