National Income and Related Aggregates-Gross and Net Domestic Product (CBSE Class-12 Economics): Questions 1 - 4 of 7

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Question number: 1

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

Short Answer Question▾

Write in Short

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: 2

» 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: 3

» 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: 4

» 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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