National Income Aggregates

Economics ⇒ National Income and Related Aggregates

National Income Aggregates starts at 12 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in National Income Aggregates. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 12

Define Net Factor Income from Abroad (NFIA).

Describe the meaning of 'market prices' and 'factor cost' in national income aggregates.

Explain the difference between GDP and GNP.

Explain the difference between GDP at market prices and GDP at factor cost.

Explain the meaning of 'Gross' and 'Net' in the context of national income aggregates.

Explain why the value of intermediate goods is not included in the calculation of GDP.

Explain why transfer payments are not included in the calculation of National Income.

If GDP at factor cost is ₹12,000 crore and depreciation is ₹2,000 crore, what is NDP at factor cost?

If GDP at factor cost is ₹30,000 crore, net indirect taxes are ₹3,000 crore, and depreciation is ₹2,000 crore, what is NDP at market prices?

If GDP at market prices is ₹10,000 crore and net indirect taxes are ₹1,000 crore, what is GDP at factor cost?

If GDP at market prices is ₹20,000 crore, depreciation is ₹2,000 crore, and net factor income from abroad is ₹500 crore, what is NNP at market prices?

If GDP at market prices is ₹25,000 crore, net factor income from abroad is ₹1,000 crore, and depreciation is ₹2,000 crore, what is GNP at market prices?

If NDP at factor cost is ₹40,000 crore, net indirect taxes are ₹4,000 crore, and net factor income from abroad is ₹1,000 crore, what is NNP at market prices?

If NDP at factor cost is ₹8,000 crore and Net Factor Income from Abroad is ₹500 crore, what is NNP at factor cost?

If NDP at market prices is ₹9,000 crore and net indirect taxes are ₹1,000 crore, what is NDP at factor cost?

If NNP at factor cost is ₹18,000 crore and net factor income from abroad is ₹2,000 crore, what is NDP at factor cost?

If NNP at market prices is ₹15,000 crore and net indirect taxes are ₹1,500 crore, what is NNP at factor cost?