Expenditure method and income method - class-XII
| Description: expenditure method and income method | |
| Number of Questions: 15 | |
| Created by: Amish Majumdar | |
| Tags: national income and related aggregates economics understanding economic activities circular flow of income and methods of calculating national income national income national income accounting methods of measuring national income |
Income method is of great use to developed countries in calculating national income.
Difficulty of estimating mixed incomes is under:
The sum of total of incomes received for the services of labour, land or capital in a country is called _______.
State the full form of GNP.
Study of how the national income arising from what has been produced in the country is distributed through wages, profits and interest is called the study of ________.
Income from second hand sale of goods is _______ from National Income.
National Income at factor cost includes __________.
Old age pension is _________ income.
Illegal income is _________ in National Income.
National Income estimates are _______ in India.
Illegal income includes ______ while transfer income includes ________.
National Income is the ________ of all goods and services produced by a country during a period of year.
For developed economics which of the following methods is most suitable?
"The national income consists of a collection of goods and services reduced to common basis by being measured in terms of money."- who says this?
To avoid double counting in national income GDP is calculated by summing up ________.