Coal used by a steel factory during the accounting year is a:

Which of the following will be included in national income, while using the income method to calculate the same:-

(Choose the correct option)

An economy produces two goods, bread and wheat. A representative consumer buys 10 units of bread and 50 kg of wheat in a year. In the year 2023 the price of per bread was Rs 20 and wheat per kg was Rs 40. Suppose the price of both goods has gone up to Rs. 30 per bread and Rs. 50/kg wheat in the year 2024. Calculate the Consumer Price Index (CPI).

Choose the correct statements:

(A) Intermediate goods are used as raw materials or inputs for production of other commodities.

(B) Consumer goods are consumed when purchased by their ultimate consumers.

(C) Intermediate goods crossed production process boundary.

(D) Capital goods have a durable character which are used in the production process.

Calculate the factor income from Abroad from the following.

What is the base year?

Gross Domestic Product at Market Price is the?

1. Gross Domestic Product at market price less net product taxes.
2. Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year.
3. Expenditure to maintain the current GDP level.
4. Income earned by factors in the form of interest, profit, wages within the domestic territory of a country.