Macro

National Income

Easy

Calculate the value of net exports

.32 Lacs

.42 Lacs

.22 Lacs

.25 Lacs

✅ Correct Option: 1

Net exports $= X - M = 1.8 - 2.12 = -0.32$ lacs, i.e. a trade deficit of 0.32 lacs.

Note: The computed value is negative ( $-0.32$ ); the options show only the magnitude, so we selected 0.32 lacs.

Question 46

Calculate the value of $GDP_{MP}$ of a closed economy from the given table values.

Question 47

Calculate the value of $GDP_{MP}$ of an open economy from the given table values

Question 49

Calculate the NDP at market price of the closed economy from the given table values.

Question 50

Calculate the amount of personal tax.

Solution