Macro

National Income

Easy

National Disposable Income is equal to ___________.

C + I + G + NX

Net National Product at market prices + Factor income paid to abroad

Net National Product at market prices + Other current transfers from the rest of the world

Gross National Product at market prices + Capital inflow from the rest of the world

✅ Correct Option: 3

National Disposable Income $= NNP_{MP} +$ other current transfers from the rest of the world. It measures the maximum goods and services the domestic economy has at its disposal, so current transfers (like gifts and remittances) received from abroad are added to Net National Product at market prices.

2026: 13 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Net National Product at market price (NNP_MP)	(I) C+I+G+X-M
(B) Gross Domestic Product at market price (GDP_MP)	(II) GDP_MP +NFIA
(C) Gross Domestic Product (GDP_FC)	(III) GNP_MP - Depreciation
(D) Gross National Product (GNP_MP)	(IV) GDP_MP - NIT

Choose the correct answer from the options given below:

2025: 13 May Shift 2

Goods which are traded in large quantity and are not purchased by ordinary consumers. The price measure of such trading is known as .......

2025: 2 June Shift 1

Identify which of the following statements is incorrect with reference to an economy?

2023: 30 May Shift 1

Addition to the stock of capital of a firm is known as :

2022: 16 July Shift 2

Identify the correct statements from the following:

A. Fees to a mechanic paid by a firm is not included in the estimation of national income

B. Income tax paid by an individual is not included in national income

C. Interest paid by a garment manufacture on a loan taken from bank is included in national income

D. Payment of old age pension will not be included in national income as it is a transfer payment

E. Insurance premium paid by household to an insurance company is not included in the estimation of national income

Choose the correct answer from the options given below:

2026: 21 May Shift 2

Match the LIST-I with LIST-II

	LIST-I		LIST-II
A.	Consumer Durables	I.	Not extinguished by immediate or even short period consumption.
B.	Intermediate good	II.	Used as raw material or inputs for production of other commodities.
C.	Final good	III.	Fixed assets used in production process.
D.	Capital goods	IV.	Not pass through any more stages of production or transformations.

Choose the correct answer from the options given below:

National Disposable Income is equal to ___________.

Solution

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