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National Income Accounting

Question
CBSEENEC12013242
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Differentiate between National Income and Net National Disposable Income.

Solution

Difference between National Income (NI) and National Disposable Income (NDI).
(i) NI includes only factor incomes whereas NDI includes both factor incomes and current transfers from ROW, and (ii) NI is always at factor cost whereas NDI is at market price.
The following extract from statement-4 of Government of India NAS, 2007 further clarifies the concept of NDI.
Relationship of National Income with NDI (Year 2005-2006)

Some More Questions From National Income Accounting Chapter

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).

Briefly explain the following basic concepts related to NI:
Consumption of Fixed Capital (Depreciation).

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