Macro

National Income

Medium

Identify the steps in sequence to calculate the value of National Income by expenditure method:

A. Calculating NNP at factor cost ( $NNP_{fc} = NDP_{fc} + NFIA$ )

B. Calculating GDP at factor cost ( $GDP_{fc} = GDP_{mp} - NIT$ )

C. Calculating GDP at market price ( $GDP_{mp} = C + I + G + X - M$ )

D. Calculating NDP at factor cost ( $NDP_{fc} = GDP_{fc} - Depreciation$ )

Choose the correct answer from the options given below:

A, B, C, D

B, C, D, A

D, C, A, B

C, B, D, A

✅ Correct Option: 4

Under the expenditure method we first compute $GDP_{mp} = C + I + G + X - M$ (C). Subtracting net indirect taxes gives $GDP_{fc}$ (B). Deducting depreciation gives $NDP_{fc}$ (D). Finally, adding net factor income from abroad gives $NNP_{fc}$ , the National Income (A). Sequence: C, B, D, A.

2025: 29 May Shift 2

Match List-I with List-II

List-I	List-II
(A) C + I + G + (X-M) + NFIA	(I) $GDP_{MP}$
(B) $GDP_{MP}$ - Depreciation	(II) Domestic Income
(C) NDP MP - IT + Subsidies	(III) $NDP_{MP}$
(D) $NDP_{MP}$ + Depreciation	(IV) $GNP_{MP}$

Choose the correct answer from the options given below:

2026: 6 June Shift 1

Payments which are made without any counterpart of services received by the payer are known as.

2025: 13 May Shift 1

Arrange the following steps of calculation of National income in sequence.

(A) Deduction of intermediate cost

(B) Estimation of value of output

(D) Deduction of depreciation and NIT

Choose the correct answer from the options given below:

2022: 30 Aug Shift 2

Choose the correct sequence to arrive at $NNP_{FC}$ using value added method.

(A) $GDP_{MP}$ - Depreciation

(B) $NDP_{MP}$ - Net Indirect Taxes

(D) Domestic income + Net factor income from abroad

Choose the correct answer from the options given below :

2026: 6 June Shift 1

Match List-I with List-II

List-I	List-II
(A) GNPmp	(I) GNPmp - Depreciation
(B) NNPmp	(II) Net National Product at market prices + Other current transfers from the rest of the world
(C) National Disposable Income	(III) GDPmp + Net factor income from abroad
(D) GDP deflator	(IV) Nominal GDP / Real GDP

Choose the correct answer from the options given below:

2023: 20 June Shift 1

Final goods are those goods.

Solution

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