+91-8076753736 [email protected]

-->

Non-Competitive Markets

Question

Wired Faculty App

Does GNP measure national welfare?

Solution

Although GNP is considered a good indicator of economic welfare (not total welfare) but it is not an adequate measure of national welfare.

Some More Questions From Non-Competitive Markets Chapter

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

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)

Value of Output vs. Value Added

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation