Value Added Method of calculating aggregate annual value of goods and services is also called :

Identify the assumptions of the two - sector economy's circular flow of income.

(A) There is no trade with other countries.

(B) Households do not spend all their income.

(C) There is no government.

(D) Households do not save.

Choose the correct answer from the options given below:

Which out of the following will be included in National Income ?

(A) Ramesh sold his car for Rs. 5,00,000 which he used for 2 years

(B) Interest paid on car loan taken by Mohan

(C) Interest on debentures

(D) Radha purchased goods worth Rs. 1000 to prepare cakes to be sold in an exhibition

(E) Profit earned by Reliance Industries from their branch in London

Choose the correct answer from the options given below :

Choose the correct operation which will be adopted to arrive at GDP$_{MP}$ from NNP$_{MP}$.

Personal Disposable Income is?

1. The part of Aggregate Income which belongs to the household.
2. The part of Aggregate Income which belongs to the Government.
3. The part of Aggregate Income which belongs to the firm.
4. The part of Aggregate Income which belongs to the rest of the world.

What is the sum total of market value of final goods and services created within the geographical boundary of a country in a particular year?

Which of the following is a part of Domestic product of India ?

(A) Gifts given by employer to his employees

(B) Profits earned by branches of country's bank in other countries

(C) Profits earned by foreign companies in India

(D) Purchase of goods by foreign tourists

Choose the correct answer from the options given below :