Tag: national income aggregates

Questions Related to national income aggregates

From the following equation estimate disposal income (Y) when consumption (C) is Rs. 1000.
C=Rs. 160+0.80Y$ _d$

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. Rs. 1100

  2. Rs. 800

  3. Rs. 900

  4. Rs. 1000

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Correct Option: B

National product at market prices is higher than national product at factor cost by the amount of ____________.

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. subsidy

  2. indirect taxes + subsidies

  3. indirect taxes

  4. indirect taxes - subsidies

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Correct Option: D

The difference between values at Market Prices and Factor Cost is attributed to ___________.

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. net factor income from abroad

  2. depreciation

  3. net indirect taxes

  4. all of the above

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Correct Option: C