National Income Accounting

National Income Accounting

A. Capital gains and losses are included in National Income. B. Incomes from illegal activities are not included in Nati

B and C are correct. national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

Directions For Questions Direction: Read the below case and answer the questions that follow: Circular Income Flow in a

It does not help in estimation national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

Directions For Questions Direction: Read the below case and answer the questions that follow: Circular Income Flow in a

Sector national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

Directions For Questions Direction: Read the below case and answer the questions that follow: Circular Income Flow in a

Resources such as land, capital, and national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

Directions For Questions Direction: Read the below case and answer the questions that follow: Circular Income Flow in a

Firms, households national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

Directions For Questions Direction: Read the below case and answer the questions that follow: Circular Income Flow in a

Both A and B national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

National Income can also be called:

Net National Product at Factor Cost national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

What will be the most likely impact on the national income when in a country the price of foreign currency rises, keepin

Likely to rise national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

Directions For Questions Human Development Index (HDI) is entrusted with reference to: 1. Life expectancy at birth 2. GN

1 and 2 national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

If primary deficit is ₹ 3,000 and interest payment is ₹ 500, the fiscal deficit is

₹ 3,500 national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

_______ deficit includes interest payment by the government on the past loans.

Revenue national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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National Income Accounting

In the Maldives, GDP growth has been driven by which sector?

Tourism national income correct; GDP GNP NNP measurement excludes capital gains illegal income.

Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.

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