Macro

National Income

Easy

National Income can also be called :

Net National Product at Market Price

Gross National Product at Factor Cost

Net National Product at Factor Cost

Gross National Product at Market Price

✅ Correct Option: 3

National Income is defined as Net National Product at Factor Cost (NNP at FC). It measures the income earned by normal residents of a country during a year, after deducting depreciation and indirect taxes (and adding subsidies) from market-priced output.

2022: 10 Aug Shift 2

Suppose a country only produces bread. In the year 2000 it had produced 100 units of bread, price was Rs. 10 per bread. In 2001, the same country produced 110 units of bread at price was Rs. 15 per bread. In 2001, the nominal and real GDP are : (base year is 2000)

2022: 16 July Shift 2

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:

2025: 14 May Shift 1

Prices of a given basket of commodities which are bought by the representative consumer is indicated by which of the following?

Wholesale Price Index
Consumer Price Index
Market price
Commodity Price

2025: 30 May Shift 1

Identify the flow variable from the following:

2026: 19 May Shift 2

Find the example of final expenditure among the following.

2022: 10 Aug Shift 2

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

National Income can also be called :

Solution

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