Tag: circular flow of income and methods of calculating national income

Questions Related to circular flow of income and methods of calculating national income

If there is a simultaneous fall in consumers disposal income as well as number of suppliers of a product in the market, the _________.

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. equilibrium quantity will decrease

  2. equilibrium price will decrease

  3. equilibrium price will go up

  4. equilibrium quantity will increase

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Correct Option: A

From the following equation estimate disposal income (Y) when consumption (C) is Rs. 910.
C=Rs. 160+0.75Y$ _d$

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. Rs. 1100

  2. Rs. 900

  3. 1000

  4. 800

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Correct Option: C

From the following equation estimate Income (Y) consumption is Rs.1000 is _______.
C=Rs. 200+0.80Y$ _d$

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. Rs. 1000

  2. Rs. 1100

  3. Rs. 900

  4. Rs. 800

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Correct Option: A

From the following equation estimate disposal income (Y) when consumption C=is Rs. 760 is ________.
C=Rs. 160+0.75Y$ _d$

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. Rs. 1000

  2. Rs. 900

  3. Rs. 800

  4. Rs. 750

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Correct Option: C

From the following equation estimate disposal income (Y) when consumption C=is Rs. 1000 is _______.
C=Rs. 150+0.85Y$ _d$

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. Rs. 1000

  2. Rs. 800

  3. Rs.900

  4. 1100

Show answer
Correct Option: B

From the following equation estimate disposal income (Y) when consumption (C) is Rs. 1000.
C=Rs. 160+0.80Y$ _d$

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. Rs. 1100

  2. Rs. 800

  3. Rs. 900

  4. Rs. 1000

Show answer
Correct Option: B

National product at market prices is higher than national product at factor cost by the amount of ____________.

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. subsidy

  2. indirect taxes + subsidies

  3. indirect taxes

  4. indirect taxes - subsidies

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Correct Option: D

The difference between values at Market Prices and Factor Cost is attributed to ___________.

economics circular flow of income and methods of calculating national income some macroeconomic identities national income accounting national income aggregates

  1. net factor income from abroad

  2. depreciation

  3. net indirect taxes

  4. all of the above

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Correct Option: C