Net National product at factor cost is also known as

(a)

National Income

(b)

Domestic Income

(c)

Per capita Income

(d)

Salary

Primary sector is ________

(a)

Industry

(b)

Trade

(c)

Agriculture

(d)

Construction.

Expenditure method is used to estimate national income in_______

(a)

Construction sector

(b)

Agricultural Sector

(c)

Service sector

(d)

Banking sector

Value of output =

(a)

Sales + Change in stock

(b)

Sales - Change in stock

(c)

Sales \(\div\) Change in stock

(d)

Sales x Change in stock

Percapita Income =

(a)

National Income - Population

(b)

National Income + Population

(c)

National Income \(\div\) Population

(d)

National Income x Population

GDP by expenditure method at market prices

(1)

GNP - Depreciation allowance

Net domestic product

(2)

GDP -Depreciation

NNP

(3)

Personal income - Direct tax

Disposable income

(4)

C+I+G+(X-M)

GDP - deflator

(5)

\(\frac{Nominal\ GDP}{Real \ GDP}\times100\)

Define National Income.

Write the formula for calculating GNP.

What is the difference between NNP and NDP?

What do you mean by Real Income?

What do you mean by National Income?

Write a short note on per capita income.

Differentiate between personal and disposable income.

Explain briefly NNP at factor cost.

What are the difficulties in measuring National Income?

Write down the some of the statistical problems?

Explain the importance of national income

Discuss the method measuring the National Income by Income Method.

Discuss the methods of measuring the National Income by Product Method.