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प्रश्न
Distinguish between Factor Cost and Market Price.
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उत्तर
| Factor Cost | Market Price | |
| 1. | The term factor cost refers to the prices of products as received by the producers. | MP is the market price paid by a buyer of a commodity. |
| 2. | FC = MP - NIT (NIT `->` Net indirect taxes) |
MP = FC + NIT (IT - Subsidies) |
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संबंधित प्रश्न
“Income method” is also known as ______.
Explain the steps involved in calculating the National income by Income method.
State which one of the following is true.
From the following data, calculate Personal Income and Personal Disposable Income.
| Rs (crore) | ||
| (a) | Net Domestic Product at factor cost | 8,000 |
| (b) | Net Factor Income from abroad | 200 |
| (c) | Undisbursed Profit | 1,000 |
| (d) | Corporate Tax | 500 |
| (e) | Interest Received by Households | 1,500 |
| (f) | Interest Paid by Households | 1,200 |
| (g) | Transfer Income | 300 |
| (h) | Personal Tax | 500 |
Identify the correctly matched pair of items in Column A to those in Column B:
| Column A | Column B |
| 1. Income Tax | (a) Forced Transfer |
| 2. Services of Housewives | (b) Market Activities |
| 3. Retirement Pension | (c) Taxable for Firm |
| 4. Annual value of goods and services produced. | (d) Income method |
What is equilibrium income?
We suppose that C = 70 + 0.70Y D, I = 90, G = 100, T = 0.10Y (1) Find the equilibrium income
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. Find equilibrium income
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. Find the net export balance at equilibrium income
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. What happens to equilibrium income and the net export balance when the government purchases increase from 40 to 50?
In the above question 15, if exports change to X = 100, find the change in equilibrium income
______ is the part of Profit.
What is the other name for Income Method?
Assertion (A): Profits of chemical industries increased 150%; fishermen income reduced by 70% due to untreated chemical pollutants in water bodies. This is a negative externality.
Reason (R): The profits of chemical industries is causing pollution which is harming the water and inturn leading the fishermen to catch less fish as the biodiversity of the water body is disturbed.
Read the following figure carefully and choose the correct pair from the alternatives given below:
Find the odd word out:
Transfer payments:
With reference to the diagram shown above, select the reason for the movement from point M to N from the following options.
