(A) On the basis of the given data, estimate the value of Domestic Income:

S. No.

Items

Amount

(in crore)

i.

Household Consumption Expenditure

600

ii.

Gross Fixed Capital Formation

200

Change in stock

40

IV.

Government Final Consumption Expenditure

200

V.

vi.

Net Exports

Net Indirect Taxes

(-)40

120

vii.

Net Factor Income From Abroad

Consumption of Fixed Capital

20

VIII.

40

B) Explain the following terms:-

I. Externalities

II. Operating Surplus

III. Consumption Goods

Browse free questions and answers by Chapters

• 1 National Income Accounting
• 2 Money and Banking
• 3 Income Determination
• 4 The Government: Budget and the Economy
• 5 Open Economy Macroeconomics