Sponsor Area
National Income Accounting
Question
Giving reasons categorise the following into intermediate products and final products:
(i) Furniture purchased by a school.
(ii) Chalks, dusters purchased by a school.
Solution
(i) Furniture purchased by a school (D 2011) is a final product because it is purchased for investment.
(ii) Chalks purchased by a school (D 2011) is an intermediate product as it is meant to be used completely in the same year.
Some More Questions From National Income Accounting Chapter
What is meant by macroeconomics?
or
Give two examples of macroeconomic studies.
or
Why is study of problem of unemployment in India a macroeconomic study?
Define microeconomics. Give one/two examples of microeconomics. Is study of cotton textile industry a microeconomic study or macroeconomic study?
Distinguish between microeconomics and macroeconomics. Give an example of showing the difference between microeconomics and macroeconomics.
Briefly explain the following basic concepts related to NI:
National Income (NI).
Briefly explain the following basic concepts related to NI:
Final Goods and Intermediate Goods.
Briefly explain the following basic concepts related to NI:
Consumption Goods and Capital Goods
Briefly explain the following basic concepts related to NI:
Flow and Stock Concepts
Briefly explain the following basic concepts related to NI:
Gross Investment and Net Investment
Briefly explain the following basic concepts related to NI:
Domestic (Economic) Territory
Briefly explain the following basic concepts related to NI:
Normal Residents
Sponsor Area
Mock Test Series
Mock Test Series