Topics
Introductory Microeconomics
Introduction to Microeconomics
- Microeconomics
- Central Problems of an Economy
- Concepts of Production Possibility Frontier
Introductory Macroeconomics
Consumer Behaviour and Demand
- Consumer's Equilibrium
- Cardinal Approach (Utility Analysis)
- Ordinal Utility Analysis/Indifference Curve Analysis
- Concept of Demand
- Market Demand
- Determinants of Demand
- Demand Schedule
- Demand Curve
- Movement Along the Demand Curve
- Introduction to Elasticity of Demand
- Income Elasticity of Demand
- Methods of Measuring Price Elasticity of Demand
National Income and Related Aggregates - Basic Concepts and Measurement
- Macroeconomics
- Two Sector Model of Circular Flow of National Income
- Gross and Net Domestic Product at Market Price
- Gross National Product at Market Price
- Net National Product (NNP)
- Circular Flow of Income and Methods of Calculating National Income
- Methods of Measurement of National Income
- Income Method
- Expenditure Method
Indian Economic Development
Determination of Income and Employment
- Concept of Aggregate Demand and Aggregate Supply
- Aggregate Demand and Its Components
- Consumption
- Aggregate Supply and Its Components
- Propensity to Save
- Important Terms of Employment and Unemployment
- The Concept of Full Employment
- Basic Concepts of Income and Employment
- Investment Multiplier and Its Mechanism
- Problems of Excess Demand and Deficient Demand
- Measures to Correct the Excess Demand and Deficient Demand
Money and Banking
- Concept of Money
- Functions of Money
- Evolution of Money
- Central Bank
- Function of Central Bank - Bank of Issue
- Central Bank Function - Goverment Bank
- Central Bank Function - Banker's Bank
- Central Bank as a Controller of Credit
- Commercial Banks
Government Budget and the Economy
Balance of Payments
Development Experience (1947-90) and Economic Reforms since 1991
Current Challenges Facing the Indian Economy
- Concept of Poverty in India
- Who Are the Poor?
- Identification of Poor People
- The Number of Poor in India
- Causes of Poverty
- Poverty Alleviation Programmes and Their Target Sectors
- National Bank for Agriculture and Rural Development (NABARD)
- National Bank for Agriculture and Rural Development (NABARD)
- Introduction to Employment - Growth, Informalisation and Other Issues
- Employment - Informalisation
- Employment - Workforce
- Relevance of Infrastructure
- The State of Infrastructure in India
- Energy
- Health
- Introduction to Environment and Sustainable Development
- Environment - Definition and Functions
Development Experience of India
- Definition
- Features
CISCE: Class 12
Definition: Gross National Product at Market Price
"Gross national product may be defined as current worked out value of all goods and services produced by the economy during an income period." - W.C. Peterson
CISCE: Class 12
Formula: Gross National Product at Market Price
GNP = P × Q,
Here GNP = Gross National Product
P = Market Price
Q = Final goods and services produced
Related QuestionsVIEW ALL [12]
Calculate GNPmp using Income method and Expenditure method from the following data:
| Items | ₹ (in Crore) | |
| (i) | Private final consumption expenditure | 800 |
| (ii) | Net exports | 20 |
| (iii) | Rent | 40 |
| (iv) | Interest | 60 |
| (v) | Government final consumption expenditure | 200 |
| (vi) | Profit | 120 |
| (vii) | Net domestic capital formation | 100 |
| (viii) | Compensation of employees | 800 |
| (ix) | Net indirect taxes | 100 |
| (x) | Consumption of fixed capital | 20 |
| (xi) | Net factor income from abroad | (−) 30 |
Calculate “Gross National Product at Market Price” from the following data:
| S. No. | Particulars | (Rs in crores) |
| (i) | Compensation of employees | 2,000 |
| (ii) | Interest | 500 |
| (iii) | Rent | 700 |
| (iv) | Profits | 800 |
| (v) | Employer’s contribution to social security schemes | 200 |
| (vi) | Dividends | 300 |
| (vii) | Consumption of fixed capital | 100 |
| (viii) | Net indirect taxes | 250 |
| (ix) | Net exports | 70 |
| (x) | Net factor income to abroad | 150 |
| (xi) | Mixed income of self-employed | 1,500 |
On the basis of the data given below for an imaginary economy, estimate the Gross National Product at Market price (GNPMP):
| S.NO | Items | Amount (₹ in crore) |
| (i) | Household Consumption Expenditure | 2,000 |
| (ii) | Government Final Consumption Expenditure | 1,000 |
| (iii) | Gross Fixed Capital Formation | 1,100 |
| (iv) | Net additions to Stock | 200 |
| (v) | Exports | 600 |
| (vi) | Net factor income from abroad | 150 |
| (vii) | Imports | 400 |
