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NextQ63

Calculate National Income (NNP_FC) and Gross Domestic Product at Factor Cost (GDP_FC) from the following data : (i) "Increase in per capita availability of goods and services necessarily means rise in welfare of the people of that country." Do you agree with the given statement ? Give valid reason in support of your answer. (ii) Define capital goods.

Introduction to National Income AggregatesStudy Simplify SpecialPYQ6LQ
Question 62

(i) "If in a locality a new park is developed by the Municipal Corporation, it will have some external effects." State one example of each type of externality with valid explanation. (ii) Explain the components of `Net Factor Income from abroad'. Calculate Net Domestic Product at Market Price (NDP_MP) and Gross National Product at Market Price (GNP_MP) from the following data :

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