With the increase in income, both consumption and savings increase.
Concept: Concept of National Income
Total Cost and Total Revenue.
Concept: Concept of National Income
Total Cost and Total Revenue.
Concept: Concept of National Income
Distinguish between Gross National Product and Net National Product.
Concept: Concept of National Income
Explain the various methods of measuring national income.
Concept: Concept of National Income
In order to avoid double counting, value added approach is used.
Concept: Concept of National Income
Unpaid services are not included in national income.
Concept: Concept of National Income
Explain various types of investment expenditure.
Concept: Concept of National Income
Explain in detail ‘saving function’ with schedule and diagram.
Concept: Concept of National Income
What is ‘national income’? Explain the theoretical difficulties involved in the measurement of national income.
Concept: Concept of National Income
Investment made by the government is _____________ investment.(unplanned/gross/autonomous/induced)
Concept: Concept of National Income
Define or explain the following concepts:
Pure competition
Concept: Market
Give reasons or explain the following
The propensity to save depends upon the level of income.
Concept: Concept of National Income
Give reasons or Explain the following statements
Services of housewives are excluded from national income.
Concept: Concept of National Income
Write short notes on Price determination under perfect competition.
Concept: Market
Fill in the blank using proper alternative given in the bracket:
National income is ........ concept.
Concept: Concept of National Income
State whether the following statement is True or False
Total Revenue = Total quantity x Price.
Concept: Concept of National Income
