Write explanatory notes.
Output method of measurement of national income.
Concept: Concept of National Income
State whether the following statements are True or False with reasons:
There are advertisements of commodities in perfect competition.
Concept: Market
Give reasons or explain the following statements:
The net national income is less than gross national income.
Concept: Concept of National Income
Answer in brief.
Give different definitions of National Income.
Concept: Concept of National Income
What is meant by Perfect competitions? State its features.
Concept: Market
State Whether the following statements are TRUE or FALSE:
There is no price discrimination in the monopolistic competition.
Concept: Market
State whether the following statements are True or False with reason:
Ten years period is considered for measuring National Income.
Concept: Concept of National Income
Distinguish between Illegal income and Transfer income.
Concept: Concept of National Income
Write explanatory note:
Difficulties in the estimation of the National income.
Concept: Concept of National Income
Answer the following question:
What is double counting of national income?
Concept: Concept of National Income
Answer the following question:
What are the features of national income?
Concept: Concept of National Income
Answer the following question:
Explain the concept of Gross domestic product at market prices.
Concept: Concept of National Income
Answer the following question:
State the precautions while using expenditure method to measure national income.
Concept: Concept of National Income
Answer the following question:
Explain the income method of measuring national income.
Concept: Concept of National Income
State with reason whether you agree or disagree with the following statement:
There are many conceptual or theoretical difficulties in the measurement of national income.
Concept: Concept of National Income
State with reason whether you agree or disagree with the following statement:
Many precautions are to be taken while estimating national income by income method.
Concept: Concept of National Income
State with reason whether you agree or disagree with the following statement:
Gross National product and Gross Domestic product are same concepts.
Concept: Concept of National Income
State with reason whether you agree or disagree with the following statement:
The money value of intermediate goods is not included in the estimation of national income.
Concept: Concept of National Income
Answer in detail:
Explain the practical or Statistical difficulties involved in the estimation of national income.
Concept: Concept of National Income
Answer in detail:
Explain the Output method of measuring National income.
Concept: Concept of National Income
