Match List I with List II

LIST I (National income terminology)	LIST II (Known as)
A. Income generated by own account workers	I. Nominal national income
B. National income at current prices	II. Corporate tax
C. Component of profit	III. Change in stock
D. Closing stock-opening stock	IV. Mixed income of self employed

Choose the correct answer from the options given below:

NNP at market prices – (Indirect taxes – Subsidies) = .............

The unsold finished goods, or semi-finished goods, or raw materials which a firm carries from one year to the next is a .....?

1. Flow and stock variable
2. Flow variable
3. Stock variable
4. Constant variable

Consider the following statement related to Aggregate Income

(A) Aggregate revenue received by the firms is paid out to the factors of production it is considered as aggregate income.

(B) Aggregate Income can be calculated by calculating the aggregate value of goods and services produced by the firms.

(C) Income is being spent on the goods and services produced by the firms. It takes the form of aggregate expenditure received by firms.

(D) Aggregate Income can not only be calculated through aggregate expenditure. There are other methods that exist.

Which of the following combination of statements best explains the concept of Aggregate Income?

Match List-I with List-II

Choose the correct answer from the options given below:

The benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalised). What it is called?

Firm starts the year with an inventory of 400 shirts. During the coming year it expects to sell 2000 shirts, hence it produces 2000 shirts. The firm is able to sell only 1500 shirts. At the end of the year find out inventories.