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Non-Competitive Markets
Question
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Define GNPMP, NNPMP, GNPFC and NNPFC.

Answer

(i) GNPMP is defined as market value of all the final goods and services produced in the domestic economy during an accounting year plus net factor income from abroad.
(ii)    NNPMP = GNPMP - Depreciation
(iii)    GNPFC = GNPMP - Net indirect taxes
(iv)    NNPFC = GNPFC - Depreciation

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Some More Questions From Non-Competitive Markets Chapter

What is meant by macroeconomics?
Give two examples of macroeconomic studies.    
Why is study of problem of unemployment in India a macroeconomic study?

Define microeconomics. 

Distinguish between microeconomics and macroeconomics.
Give an example of showing the difference between microeconomics and macroeconomics. 

National Income (NI)

Final Goods and Intermediate Goods 

Giving reasons categorise the following into intermediate products and final products:
(i) Furniture purchased by a school
(ii) Chalks, dusters purchased by a school.

Consumption Goods and Capital Goods

Flow and Stock Concepts

Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth. 

Gross Investment and Net Investment