Macro

National Income

Easy

Economic variables such as 'National Income' and 'profits' can be classified under which of the following heads ?

Stock concept

Flow concept

Depreciation

Final goods

✅ Correct Option: 2

Stock variables are measured at a point in time (e.g., wealth, capital). Flow variables are measured over a period of time. National Income is earned over a year and profits accrue over a period, so both are flow concepts.

2023: 29 May Shift 2

Match List I with List II

	LIST I		LIST II
A.	Product will not pass through further transformation	I.	Capital Good
B.	A product used as raw material or input for production	II.	Final Good
C.	The good which enables for production on process	III.	Consumer Good
D.	Goods purchased by ultimate consumer	IV.	Intermediate Goods

Choose the correct answer from the options given below:

2025: 22 May Shift 2

Which of the following study the aggregate effects of the forces of demand and supply in the markets?

2026: 13 May Shift 2

A firm produces Rs 500 worth of goods per year, Rs 80 is the value of intermediate goods used by it during the year and Rs 30 is the value of capital consumption. What is the net value added per year?

2025: 30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) GDP at constant price	(i) known as Nominal GDP
(B) GDP at current price	(ii) Increases only when there is increase in the quantum of output in the economy.
(C) Welfare of the people	(III) known as earned income
(D) Factor income	(IV) Measured in terms of the availability of goods and services

Choose the correct answer from the options given below:

2025: 15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Capital formation	(I) Intermediate good
(B) Money Supply	(II) Final good
(C) Television purchased by a household	(III) Flow
(D) Steel supply for car manufacturing	(IV) Stock

Choose the correct answer from the options given below:

2026: 15 May Shift 1

When we deduct the value of Personal Tax Payments and Non-Tax Payments from the value of Personal Income then we obtain the value of ............... .

Economic variables such as 'National Income' and 'profits' can be classified under which of the following heads ?

Solution

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