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Non-Competitive Markets
|
(र in crores) |
||
|
(i) |
National debt interest |
30 |
|
(ii) |
Gross national product at MP |
400 |
|
(iii) |
Current transfers from government |
20 |
|
(iv) |
Net indirect taxes |
40 |
|
(v) |
Net current transfers from rest of the world |
(-)10 |
|
(vi) |
Net domestic product at FC accruing to government |
50 |
|
(vii) |
Consumption of fixed capital |
70 |
Private income = GNP at MP - (vi) + 30 + 20 + (-10) - 40 - 70
= 400 - 50 + 30 + 20 - 10 - 40 - 70 = 280 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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