Which of the following is included in the estimation of National Income ?

Identify which of the following is not considered as 'Normal Resident' of India?

This is the index of prices of a given basket of commodities which are bought by the representative customer. Two years under consideration are kept – one is the base year, the other is the current year. First, the cost of purchase of a given basket of commodities in the base year is calculated. Then the cost of purchase of the same basket in the current year is calculated. Then we express the latter as a percentage of the former.

This index is called :

1. Customer Index Pricing
2. Consumer Index Pricing
3. Consumer Price Index
4. Customer Price Index

From the following, find the right sequence for measuring National Income by Value Added Method:

(A) Subtract the value of depreciation and net indirect taxes and add net factor income from abroad to arrive at national income.

(B) Estimate the sum total value of output in the primary, secondary and tertiary sectors in the economy.

(C) Estimate the value added of each sector by subtracting intermediate consumption from the value of output for every sector.

(D) Calculate gross value added as the sum of value added of the three sectors.

Arrange the following in correct sequence for calculating National Income.

(A) Add Net Factor income from abaord.

(B) Deduct value of Intermediate Goods.

(C) Calculate the value of output.

(D) Deduct Depreciation and NIT.

Choose the correct answer from the options given below:

From the following, which will be included in the National Income?

The index of prices of a given basket of commodities which are bought by the representative consumer is known as :