Non-Competitive Markets
Calculate from the following data NNP at MP by (i) Income method, and (ii) Expenditure method.
(र in crores) |
||
(i) |
Compensation of employees paid by the government |
40 |
(ii) |
Mixed income of self-employed |
50 |
(iii) |
Wages and salaries |
400 |
(iv) |
Employers' contribution to social security schemes |
80 |
(v) |
Operating surplus |
300 |
(vi) |
Indirect tax |
30 |
(vii) |
Subsidies |
10 |
(viii) |
Net capital formation |
150 |
(ix) |
Net factor income from abroad |
10 |
(x) |
Government final consumption expenditure |
230 |
(xi) |
Private final consumption expenditure |
500 |
(xii) |
Exports |
15 |
(xiii) |
Imports |
45 |
(xiv) |
Consumption of fixed capital |
20 |
(xv) |
Profits |
130 |
(i) NNP at MP (by income method)
= (ii) + (iii) + (iv) + (v) + (vi) - (vii) - (ix)
= 50 + 400 + 80 + 300 + 30 - 10 - 10 = 840 crores
(ii) NNP at MP (by expenditure method)
= (vii) - (ix) + (x) + (xi) + (xii) - (xiii)
= 150 - 10 + 230 + 500 + 15 - 45 - 840 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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