Net National product at factor cost is also known as

(a)

National Income

(b)

Domestic Income

(c)

Per capita Income

(d)

Salary

National income is a measure of the__________ performance of an economy

(a)

Industrial

(b)

Agricultural

(c)

Economic

(d)

Consumption

__________ is deducted from gross value to get the net value

(a)

Income

(b)

Depreciation

(c)

Expenditure

(d)

Value of final goods

Percapita Income =

(a)

National Income - Population

(b)

National Income + Population

(c)

National Income \(\div\) Population

(d)

National Income x Population

Net Domestic = GDP - _________.

(a)

NNP

(b)

NDP

(c)

GNP

(d)

Depreciation

Trace the relationship between GNP and NNP.

Why is self consumption difficult in measuring national income?

Write the formula for calculating per capita income.

What is National Income?

What are capital gains?

Explain briefly NNP at factor cost.

Give short note on Expenditure method.

What are the five types of final goods and services that GNP includes?

What are the items should not be included while estimating national income through income method?

What are the items should be included while estimating national income through income method?

What are the difficulties involved in the measurement of national income?

Discuss the importance of social accounting in economic analysis.

Explain the basic concepts of national income.

Discuss the concept of “Factor Cost”.