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Ans: (i) – c (ii) – a (iii) – b (iv) – e (v) – d

Ans: (i) – d (ii) – e (iii) – b (iv) – a (v) – c

Ans: (i) – d (ii) – e (iii) – a (iv) – b (v) – c

Ans: (i) – a, (ii) – b Explanation:- Net Exports is the domestic concept as it is added to the domestic income. Net Factor income from abroad is the national concept as it is added to domestic income to arrive…

Ans: (i) – b Explanation:- Gross Domestic Capital Formation = Gross Fixed Capital Formation + Inventory Investment (change in inventory)

Ans: (i) – b (ii) – a Explanation:- Dividend is the part of the profit that is distributed among shareholders Retained earnings is the part of the profit that is retained by the firm after paying corporate tax and dividend.

Ans – (c) Mixed Income – (iii) Income generated by own-account workers Explanation:- (a) National Income at Current Price is the Nominal National Income not the Real National Income. (b) Value added = Value of Output – Intermediate Consumption (c)…