Sponsor Area
Non-Competitive Markets
Question
Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth.
Solution
(i) Loss is a flow because losses are always with reference to a period of time.
(ii) Capital is a stock because it is measured at a point of time.
(iii) Production is a flow as it is always with reference to a period of time.
(iv) Wealth is a stock because it is always measured at a point of time.
Some More Questions From Non-Competitive Markets Chapter
Giving reasons categorise the following into intermediate products and final products:
(i) Furniture purchased by a school
(ii) Chalks, dusters purchased by a school.
(i) Furniture purchased by a school
(ii) Chalks, dusters purchased by a school.
Consumption Goods and Capital Goods
Flow and Stock Concepts
Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth.
(i) Losses (ii) Capital (iii) Production (iv) Wealth.
Gross Investment and Net Investment
Domestic (Economic) Territory
National Income at Current and Constant Prices (Nominal and Real NI)
Consumption of Fixed Capital (Depreciation)
Factor Cost vs. Market Price (or Net Indirect Taxes)
Net Factor Income from Abroad (NFIA)
Sponsor Area
Mock Test Series
Mock Test Series