CHAPTER 6

Question 1

INVESTMENT MULTIPIER IS BASICALLY

Answer 1

CHANGES IN THE ECONOMY DUE TO THE INITIAL CHANGES IN THE INVESTMENT

Question 2

CALCULATING NATIONAL INCOME BY
“INCOME APPROACH”

Answer 2

SUMMONING OF ALL THE FACTOR INCOME BY HOUSEHOLDS AND FIRMS, GOVERMENT AND net income from FOREGIN SECTORS

Question 3

FACTOR INCOME

Answer 3

ALL THE EARNINGS FROM THE FACTOR OF PRODUCTION
1) WAGES ( labour)
2) RENT ( land)
3) INTEREST( capital)
4) PROFIT ( entrepreneurs)

Question 4

NFIA

Answer 4

Foreigners agar India mein kamaate hain, toh wo factor income to abroad hai (minus hoga).

Indians agar bahar kamaate hain, toh wo factor income from abroad hai (plus hoga).

Question 5

DOMESTIC

Answer 5

1) PRODUCED BY THE CITIZEN OF INDIA
2) PRODUCED BY A NON RESIDENT OF INDIA TOO
( taylor swift ka concert in india )

yahape domestic geographical boundaries are very important

jageh important hai

Question 6

1) NET TO GROSS
2) NATIONAL TO DOMESTIC
3) FACTOR COST TO MARKET PRICE

Answer 6

1) (-) DEPRICIATION
2) (+) NFIA
3) (-) NET INDIRECT TAXES

Question 7

1) PERSONAL INCOME
2) PRIVATE INCOME

Answer 7

1) HOUSEHOLD SECTORS ONLY
2) HOUSEHOLD SECOTRS + BUSINESS SECTORS

PRIVATE INCOME MEI PURA PRIVATE SECTOR THAT IS business and household s

Question 8

NDPfc

Answer 8

compensations of employe
(+) operating surplus [ rent + profit + interest ]
(+) mixed incomes

which is ur domestic income

NNPfc is ur national income

Question 9

operatimg surplus includes

Answer 9

1) income from property
2) income of entrepreneurship