HARD
Earn 100

Calculate NDPFC.

Particulars ₹ in crore
(i) Subsidies 1
(ii) Sales 100
(iii) Closing stock 10
(iv) Indirect taxes 5
(v) Intermediate consumption  30
(vi) Opening stock 20
(vii) Consumption of fixed capital 15

 

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Important Questions on National Income Accounting

EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Circular flow of income does not take place in case of closed economy.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Flow of factor payments and payments for goods and services between households and firms is known as _____ (Nominal Flow/Physical Flow).
HARD
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Replacement cost and depreciation of the asset are same.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
National Income of a country is a stock concept.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Rs 2,000 note lying in wallet of Rohini, a student is an example of _____ (stock/flow) variable.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
_____ variable refers to that variable, which is measured at a particular point of time.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
There are no exports in a closed economy.
HARD
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
What is the difference between planned and unplanned inventory accumulation? Write down the relation between change in inventories and value added of a firm.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
_____ variable is a dynamic concept.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Real flow is also known as nominal flow.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Real Flow is also known as _____.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Capital formation is a flow.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
_____ flow determines the magnitude of growth process in an economy.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
'Inventory is a stock variable.'
HARD
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Write down the three identities of calculating the GDP of a country by the three methods. Also briefly explain why each of these should give us the same value of GDP.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
_____ phase involves flow of factor income from firms to the households.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Cotyledons are also called-
HARD
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Why should the aggregate final expenditure of an economy be equal to the aggregate factor payments? Explain.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
Generation and distribution are the two phases in circular flow of income.
EASY
Economics>Macroeconomics>National Income Accounting>Calculation of National Income
_____ is also known as Nominal Flow.