﻿ Calculate national income and gross national disposable income f

## Pre Boards

Practice to excel and get familiar with the paper pattern and the type of questions. Check you answers with answer keys provided.

## Sample Papers

Download the PDF Sample Papers Free for off line practice and view the Solutions online.

## CBSE Class 12 Economics Solved Question Paper 2014

31.

Explain the 'lender of last resort' function of a central bank.

973 Views

32.

Calculate investment expenditure from the following data about an economy which is in equilibrium:
National income = 1000
Marginal propensity to save = 0.25
Autonomous consumption expenditure = 200

629 Views

33.

Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.

517 Views

# 34.Calculate national income and gross national disposable income from the following:                                                                                           (Rs.)1. Net current transfers to abroad                                            (-) 152. Private final consumption expenditure                                     6003. Subsidies                                                                               204. Government final consumption expenditure                              1005. Indirect tax                                                                            1206. Net imports                                                                            207. Consumption of fixed capital                                                    358. Net change in stocks                                                               (-10)9. Net factor income to abroad                                                      510. Net domestic capital formation                                                 110

Computation of National Income:
National Income = Private Final Consumption Expenditure + Government Final Consumption Expenditure - Net Imports + (Net Domestic Capital Formation + Depreciation) - Depreciation - (Indirect Taxes - Subsidies) - Factor Income to Abroad
or, National Income (NNPFC)
= 600 + 100 + (-20) + (110 + 35) - 35 - (120 - 20) -5 = Rs 685

Computation of Gross National Disposable Income:
Gross National Disposable Income = NNPFC + net Indirect Taxes + consumption of fixed capital – net current transfer to abroad
= 685 + (120-20)+ 35 –(-15)
= Rs 835

436 Views

35.

Explain national income equilibrium through aggregate demand and aggregate supply. Use diagram. Also explain the changes that take place in an economy when the economy is not in equilibrium.

2320 Views

36.

Outline the steps required to be taken in deriving saving curve from the given consumption curve. Use diagram.

816 Views