Which of the following are the methods of calculating national income?

(A) Value added method

(B) Expenditure method

(C) Saving method

(D) Income method

Choose the correct answer from the options given below:

Which of the following formula is correct ?

A farmer produces cotton in his farm and sells it to the yarn making firm at Rs 2500. The yarn making firm sells this yarn to the cloth mill for Rs 4000, who make cloth from it and this cloth is sold to a readymade garments factory for Rs 6500. The ready made garments factory sells the garments to the retailer for Rs 9000 and makes a profit of Rs 2000.

Assuming that the farmer does not incur any intermediate cost, what will be total value added in the above process?

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

Arrange the following steps in the calculation of national income, by income method in correct sequence:

(A) Add Net Factor from Abroad to arrive at National Income.

(B) Estimate the factor income estimated by each sector.

(C) Identify and classify the income-generating units.

(D) Calculate domestic factor income.

Choose the correct answer from the options given below:

Which of the following makes GDP an inappropriate index of welfare?

(A) Distribution of GDP.

(B) Externalities.

(C) Non-monetary exchanges.

(D) Price Index.

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A firm wants to raise the inventories from 400 to 600 shirts. Expecting sales of 2000 shirts during the year then firm produces 2200 shirts. Rise of the inventories by this process is called: