Which of the following will be included in the domestic territory of India?

Which of the following statements are incorrect ?

(A) Circular flow of income does not take place in a closed economy.

(B) Real flow consists of flow of factor services from households to firms.

(C) In a two-sector economy, total production is always equal to total consumption.

(D) Money flow consists of flow of factor payments from households to firms.

Choose the correct answer from the options given below :

Identify the items which will be classified as stock items.

(A) Production

(B) Money supply

(C) Interest on deposits

(D) Savings

(E) Capital stock in a Country

Choose the correct answer from the options given below :

Keeping output constant nominal GDP increases because.

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

The benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalised). What it is called?

A farmer producing cotton sells it to a spinning mill where it transforms into yarn; the yarn is, in turn, sold to a textile mill where, it transforms into cloth; the cloth is, in turn, transforms into an article of clothing which is then ready to be sold finally to the consumers for final use.

Based on the above example, while calculating Domestic Income in the economy, we will only include the article of clothing and ignore cotton produced by the farmer, yarn produced by the mill and cloth produced by the textile mill, in order to avoid __________.