Basic Concepts in Macroeconomics

Which of the following is the formula for calculating Net National Product (NNP)?

What does the term 'depreciation' refer to in macroeconomics?

Which economic indicator measures the total value of goods and services produced within a country in a specific period?

What does GDP stand for?

Which of the following statements are incorrect?

(A) Circular flow of income does not take place in a closed economy.

(B) Real flow consists of flow of factor services from households to firms.

(C) In a two-sector economy, total production is always equal to total consumption.

(D) Money flow consists of flow of factor payments from households to firms.

The aggregate demand line shifts parallel upwards. The reason behind this is :

What needs to be subtracted from gross fiscal deficit to get gross primary deficit?

One kind of deficit in the annual Budget will have to be financed through borrowings. It indicates the total borrowing requirements of the government from all sources it is known as:

If Trade Deficit is Rs 2000 crores and imports is worth ₹4000 crore, then the value of exports will be: