TOP 21 QUESTIONS OF NATIONAL INCOME & RELATED AGGREGATES
Q1. Explain the Domestic Territory (Economic Territory) ? Ans. In layman’s language, domestic territory means the political frontiers of a country. However, for the purpose …
National Income Accounting
TOP 38 MCQ QUESTIONS OF CIRCULAR FLOW OF INCOME
MCQ QUESTIONS OF CIRCULAR FLOW OF INCOME There are _ phases in the circular flow of income.(a) 2 (b) 3(c) 4 (d) 5 The distribution …
Top 21 True/False Questions in the circular flow of income
Circular flow of income questions. Are the following statements true or false? Give reasons. In a two-sector economy, there is no leakage from the flow …
CIRCULAR FLOW OF INCOME [FULLY EXPLAINED]
What is a circular flow of income? Q1. Explain the meaning and phase of the circular flow of income. Ans. Circular flow of income refers …
WHAT IS THE MEANING OF DOMESTIC TERRITORY?
DOMESTIC TERRITORY OR ECONOMIC TERRITORY: It refers to the political frontiers of a nation within which person, capital, and goods & services can move freely. …
WHAT ARE THE METHODS OF CALCULATING NATIONAL INCOME
METHODS OF CALCULATING NATIONAL INCOME Value-added method Expenditure method Income method In India, The Central Statistics Office (CSO) calculates India’s GDP. It comes under the …
What Is The Difference Between Nominal And Real National Income?
National Income At Current Price (Nominal National Income)/ Nominal GDP • It refers to the money value of final goods and services produced by nominal …