NextQ97

Calculate the value of 'Sales' from the following data : State and explain any two precautions that must be taken while estimating national income by income method. S. No. | Particulars | Amount (in Rs. lakh) (i) | Subsidies | 200 (ii) | Operating surplus | 500 (iii) | Opening stock | 100 (iv) | Closing stock | 600 (v) | Intermediate consumption | 3,000 (vi) | Consumption of fixed capital | 700 (vii) | Profits | 750 (viii) | Net Value Added at Factor Cost (NVA_FC) | 2,000

Nominal vs. Real GDP and Related ConceptsStudy Simplify SpecialPYQ1MCQ
Question 96

Using the given information, complete the following table : (Choose the correct option) | 2014 – 2015 | 2016 – 2017 Nominal GDP | 6.5 | 9 Real GDP | ...(i)... | 7.2 GDP deflator | 100 | ...(ii)...

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