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NDP and NNP

Lack of relia...

Question

Lack of reliable data is not a major obstacle in calculating national income.

A

True

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B

False

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Solution

The correct option is B False

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Which of the following is not included in expenditure method of calculating national income?

Q. From the following data calculate the equilibrium level of national income:
Autonomous Consumption = 500
Marginal Propensity to Save = 0.2
Investment = 2,000
(Equilibrium Level of National Income = 12,500)

Q. From the following data about an economy, calculate: (a) Equilibrium level of national income; and (b) Total consumption expenditure at equilibrium level of national income.
(i) C =200 + 0.5 Y is the consumption function where C is consumption expenditure and Y is national income.
(ii) Investment expenditure is 1,500.

Which of the following poses a problem in calculating national income?

What is meant by the income method of calculating national income?

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