Income - - National Income . The value of national income adjusted for inflation is called …. (a) Inflation Rate (b) Disposal Income (c) GNP (d) Real national income . Which is a flow concept ?
(a) Number of shirts (b) Total wealth (c) Monthly income (d) Money supply . PQLI is the indicator of ……………… (a) Economic growth (b) Economic welfare (c) Economic progress (d) Economic development . The largest proportion of national income comes from ……. (a) Private sector (b) Local sector (c) Public sector (d) None of the above Answers a c b d d a a c b c a b a c a b d c b a Part – B Answer the following questions in one or two sentences.
. Define National Income. . Write the formula for calculating GNP.
. What is the difference between NNP and NDP? . Trace the relationship between GNP and NNP.
. What do you mean by the term ‘Personal Income’? . Define GDP deflator.
. Why is self consumption difficult in measuring national income? Part – C Answer the following questions in one Paragraph. .
Write a short note on per capita income. . Differentiate between personal and disposable income. .
Explain briefly NNP at factor cost. . Give short note on Expenditure method. - - National Income Compare GDP of different countries since ACTIVITY .
Jhingan M.L. Macro Economic Theory, Vrinda Publication LTD. . Keshava.S.R.
Economics, New Age Internatonal Publishers, . Mitani D.M. Macroeconomics, Himalaya Publishing House, . References .
What is the solution to the problem of double counting in the estimation of national income? . Write briefly about national income and welfare. .
List out the uses of national income. Part - D Answer the following questions in about a page. . Explain the importance of national income.
. Discuss the various methods of estimating the national income of a country. . What are the