+91-8076753736 support@wiredfaculty.com
logo
logo

Sponsor Area

National Income Accounting

Question
CBSEENEC12013241
Wired Faculty App

Distinguish between Net and Gross National Disposable Income.

Solution

Difference between Net National Disposable Income and Gross National Disposable Income. Gross NDI includes depreciation (or current replacement costs) whereas net NDI is exclusive of depreciation. Net National Disposable Income is the sum of NNP at MP and net current transfers from rest of the world. As against it Gross National Disposable Income is the sum of Gross National Product at MP (GNP at MP) and net current transfers from rest of the world. The difference between the two is consumption of fixed capital at national level (i.e., national depreciation). Symbolically:
Gross NDI = GNP at MP + Net current transfers from ROW
Net NDI = NNP at MP + Net current transfer from ROW
= Gross NDI - Depreciation or current replacement costs.

Some More Questions From National Income Accounting Chapter

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

Briefly explain the following basic concepts related to NI:
National Income at Current and Constant Prices (Nominal and Real NI).

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation