List of top Economics Questions on National Income Accounting

Consider the following factors related to estimation of national income by various methods for an economy.
A) Net Investment Gross = Domestic Investment – Depreciation
B) Intermediate consumption is excluded to avoid the problem of double counting
C) Net indirect taxes = Indirect Taxes – Subsidies
D) Stocks are measured over a period of time
E) NNP at factor cost = \(NNP_{MP}\) – Net factor income from Abroad
Choose the correct answer from the options given below:

Among the followings which is not included in Capital Account Balance ?

Nation is a lender to other countries means:

The difference between national income and domestic income is ___________.Choose the correct answer from the following.

Match List I with List II

Choose the most appropriate answer from the options given below:

Which body decides the share of states in the tax revenues of the Centre in India?

Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R):
Assertion (A): While calculating GDP using the expenditure approach, the value of imports is subtracted. 
Reason (R) : Imports are included when value of consumption and other components of expenditure are calculated. 
In the light of the above statements, choose the correct answer from the options given below:

Given below are two statements:
Statement-I : In 2020 a farmer purchased 5 new tractors at ₹ 2,00,000 each. He sold his 5 old tractors to other farmers for ₹ 50,000 each in same year. The net increase in GDP 2020 due to these transactions was ₹ 12,50,000. 
Statement-II: In 2020 a farmer purchased 5 new tractors at 2,00,000 each. He sold his 5 old tractors to other farmers for ₹ 50,000 each in same year. The net increase in GDP of year 2020 due to these transactions was ₹ 10,00,000. 
In the light of the above statements, choose the correct answer from the options given below:

For the per capita production function y = K^0.5; what is the level of savings rate at which the consumption per capita is maximised at steady state? Assume depreciation (δ) = 0.1 and no population growth.