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प्रश्न
Explain non-monetary exchanges as a limitation of using the gross domestic product as an index of the welfare of a country
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उत्तर
Non-monetary exchanges are not considered for the estimation of domestic income. These transactions such as domestic services rendered by a housewife, kitchen gardening and a parent teaching her child. It is difficult to ascertain their market value and not rendered for the purpose of earning income. Though these services are rendered for development of a child and welfare of the family, it is not included in the gross national product. Thus, 'non-monetary exchanges' as a limitation of using a gross domestic product as an index of the welfare of a country.
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संबंधित प्रश्न
Given normal income, how can we find real income? Explain.
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 |
With a rise in real national income, welfare of the people ______
What is equilibrium income?
In an economy, C = 300 + 0.5Y and I = ? 600/- (where C =consumption, Y =income or investment). Compute the equilibrium level of income
In an economy, C = 300 + 0.5Y and I = ?. 600/- (where C = consumption, Y = income or investment). Computer the Consumption expenditure at equilibrium level of 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 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?
Suppose C = 100 + 0.75Y D, I= 500, G = 750, taxes are 20 per cent of income, X = 150, M = 100 + 0.2Y. Calculate equilibrium income.
If in an economy the value of Net Factor Income from Abroad is ₹200 crores and the value of Factor Income to Abroad is ₹40 crores. Identify the value of Factor Income from Abroad:
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:
Calculate National Income using Income method and Output method.
| PARTICULARS | (₹ crores) | |
| (i) | Value of output | 1200 |
| (ii) | Wages and salaries | 165 |
| (iii) | Rent | 60 |
| (iv) | Subsidies | 15 |
| (v) | Mixed Income of self employed | 180 |
| (vi) | Employer's contribution to social security | 15 |
| (vii) | Value of intermediate consumption | 600 |
| (viii) | Interest | 7 |
| (ix) | Factor income earned from abroad | 15 |
| (x) | Indirect taxes | 90 |
| (xi) | Profits | 23 |
| (xii) | Depreciation | 75 |
| (xiii) | Factor income paid abroad | 30 |
With reference to the diagram shown above, select the reason for the movement from point M to N from the following options.
