Define GNPMP, NNPMP, GNPFC and NNPFC.

Solution

(i) GNP_MP is defined as market value of all the final goods and services produced in the domestic economy during an accounting year plus net factor income from abroad.
(ii)    NNP_MP = GNP_MP - Depreciation
(iii)    GNP_FC = GNP_MP - Net indirect taxes
(iv)    NNP_FC = GNP_FC - Depreciation

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Giving reasons categorise the following into intermediate products and final products:
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Non-Competitive Markets

Define GNPMP, NNPMP, GNPFC and NNPFC.

Some More Questions From Non-Competitive Markets Chapter

What is meant by macroeconomics?
Give two examples of macroeconomic studies.
Why is study of problem of unemployment in India a macroeconomic study?

Define microeconomics.

Distinguish between microeconomics and macroeconomics.
Give an example of showing the difference between microeconomics and macroeconomics.

National Income (NI)

Final Goods and Intermediate Goods

Giving reasons categorise the following into intermediate products and final products:
(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.

Gross Investment and Net Investment

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Loaction

For Daily Free Study Material Join wiredfaculty

Non-Competitive Markets

Define GNPMP, NNPMP, GNPFC and NNPFC.

Some More Questions From Non-Competitive Markets Chapter

What is meant by macroeconomics?Give two examples of macroeconomic studies. Why is study of problem of unemployment in India a macroeconomic study?

Define microeconomics.

Distinguish between microeconomics and macroeconomics.Give an example of showing the difference between microeconomics and macroeconomics.

National Income (NI)

Final Goods and Intermediate Goods

Giving reasons categorise the following into intermediate products and final products:(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.

Gross Investment and Net Investment

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

What is meant by macroeconomics?
Give two examples of macroeconomic studies.
Why is study of problem of unemployment in India a macroeconomic study?

Distinguish between microeconomics and macroeconomics.
Give an example of showing the difference between microeconomics and macroeconomics.

Giving reasons categorise the following into intermediate products and final products:
(i) Furniture purchased by a school
(ii) Chalks, dusters purchased by a school.

Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth.