National Income and Related Aggregates-Methods of Calculating National Income (CBSE Class-12 Economics): Questions 5 - 8 of 13

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Question number: 5

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

» National Income and Related Aggregates » Methods of Calculating National Income » Expenditure Method

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From the following data calculate National Income by Income and Expenditure methods:

information is given to calculate national income by income and expenditure method

various data and their amount is given to calculate national income

No.

Particulars

Amount (Rs crores)

1

Government final consumption expenditure

100

2

Subsidies

10

3

Rent

200

4

Wages and salaries

600

5

Indirect tax

60

6

Private final consumption expenditure

800

7

Gross domestic capital formation

120

8

Social security contributions by employers

55

9

Royalty

25

10

Net factor income paid to abroad

30

11

Interest

20

12

Net domestic capital formation

110

13

Profit

130

14

Net exports

70

Question number: 6

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

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From the following data calculate national income:

information to calculate national income

some of data with their amounts is given to calculate national income

No.

Particulars

Rs. (Crores)

1

Compensation of employees

800

2

Rent

200

3

Wages and salaries

750

4

Net exports

(-30)

5

Net Factor income from abroad

(-20)

6

Profit

300

7

Interest

100

8

Depreciation

50

Question number: 7

» 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: 8

» National Income and Related Aggregates » Methods of Calculating National Income » Expenditure Method

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Why are exports included in the estimation of domestic product by the expenditure method? Can gross domestic product be greater than gross national product? Explain.

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