Macro

National Income

Easy

When all of an economy's output is sold during a single accounting year, the value of output is represented by:

Sales + change in stock

Sales only

Sales - change in stock

Change in stock

✅ Correct Option: 2

Value of output = Sales + Change in stock. When all output is sold in the year, change in stock = 0, so value of output equals sales only.

2025: 14 May Shift 1

The domestic services performed by women at home are categorized as:

2026: 20 May Shift 1

What is the other name of incremental change in inventory?

2023: 1 June Shift 1

Match List - I with List - II.

Choose the correct answer from the options given below :

2025: 14 May Shift 1

Arrange the following steps in sequence for estimating GNPMP in a particular year through the income method.

(A) Adding consumption of fixed capital and Net Indirect Taxes.

(B) Classify the economy into primary, secondary and tertiary sectors.

(D) Adding Net factor income from abroad.

2025: 22 May Shift 1

Match List-I with List-II

List-I	List-II
(A). Gross Domestic Product at Market Prices (GDPMP)	(I). C + I + G + (X - M)
(B). Gross Domestic Product at Factor Cost (GDPFC)	(II). GDPMP - Depreciation
(C). Net Domestic Product at Market Prices (NDPMP)	(III). GDPMP - Net Product Taxes
(D). Net Domestic Product at Factor Cost (NDPFC)	(IV). NDPMP - Net Product Taxes - Net Production Taxes

Choose the correct answer from the options given below:

2025: 2 June Shift 1

Arrange the following steps in the calculation of national income, by income method in correct sequence:

(A) Add Net Factor from Abroad to arrive at National Income.

(B) Estimate the factor income estimated by each sector.

(D) Calculate domestic factor income.

Choose the correct answer from the options given below:

Solution