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Identify the factors of production.

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Important Questions on National Income Accounting

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Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Refrigerator purchased by a confectionery shop is an example of:
MEDIUM
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Define net exports. How is it different from net factor income from abroad? 
MEDIUM
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Gross investment can be equal to net investment.
EASY
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Unforeseen obsolescence of fixed capital assets during production is:
HARD
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics

Suppose firm A sold raw material to firm B for ₹ 1,000 and to firm C for ₹ 600. Firm B sold its product partly to private consumers for ₹ 800 and the remaining product was exported for ₹ 600, Firm C part of its product to the government for₹ 500 for public consumption, and the remaining product worth ₹ 500 was unsold stock left with it. (Assume that firm A buys no raw material).

(i) Find the value added by firm A firm B and firm C

 (ii) Total Consumption Expenditure

EASY
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics

Define capital formation?

OR

Define investment?

EASY
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Which of the following is an example of Non-durable good?
EASY
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
What are the four factors of production and what are the remunerations to each of these called?
HARD
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics

 Calculate Intermediate Consumption from the following data:

Particulars ₹ in crore
(i) Gross value of output 300
(ii) Net value added of factor cost (NVAFC) 100
(iii) Subsidies 15
(iv) Depreciation 30

 

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Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Which of the following flowchart correctly establishes the treatment of Derpreciation?
MEDIUM
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Intermediate goods are still within the _____ boundary.
HARD
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Identify the types of investments.
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Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Define Gross Investment?
MEDIUM
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Which one of the following is not an example of final goods?
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Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
When _____ is subtracted from gross investment, we get net investment.
MEDIUM
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Gross Investment is zero when net investment is zero. Defend or refute.
HARD
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Distinguish between stock and flow. Between net investment and capital, which is a stock and which is a flow? Compare net investment and capital with flow of water into a tank.
HARD
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Suppose the GDP at market price of a country in a partlcular year was Rs 1,100 crores. Net Factor Income from Abroad was Rs 100 crores. The value of Indirect taxes Subsidies was Rs 150 crores and National Income was Rs 850 crores. Calculate the aggregate value of depreciation.
EASY
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
Addition to the capital stock of the economy is termed as:
EASY
Economics>Macroeconomics>National Income Accounting>Basic Concepts of Macroeconomics
The households receive transfer payments from government and firms.