Non-Competitive Markets
From the following data calculate GDP at MP :
(र in crores) |
||
(i) |
Value of output in primary sector |
2,000 |
(ii) |
Intermediate consumption of secondary sector |
800 |
(iii) |
Intermediate consumption of tertiary sector |
1,000 |
(iv) |
Net factor income from abroad |
-30 |
(v) |
Net indirect taxes |
300 |
(vi) |
Value of output in tertiary sector |
1,400 |
(vii) |
Value of output of secondary sector |
1,800 |
(viii) |
Intermediate consumption of tertiary sector |
600 |
GDP at MP = Value added by Primary sector + Secondary sector + Tertiary sector
= (2000 - 1000) + (1800 - 800) + (1400 - 600)
= 2800 crores.
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Distinguish between microeconomics and macroeconomics.
Give an example of showing the difference between microeconomics and macroeconomics.
Giving reasons categorise the following into intermediate products and final products:
(i) Furniture purchased by a school
(ii) Chalks, dusters purchased by a school.
Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth.
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