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National Income Accounting

Question
CBSEENEC12013201
Wired Faculty App

Calculate net value added at MP from the following data. 
                                                                    (र in lakhs)
(i) Depreciation                                                  5
(ii) Sales                                                            100
(iii) Opening stock                                              20
(iv) Intermediate consumption                            70
(v) Excise duty                                                    10
(vi) Change in stocks                                         -10

Solution
NVA at MP = 100 + (-10) - 70 - 5 = 15 crores.

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).

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