Consumption goods have ______ demand, while capital goods have _______ demand
Consumption goods have direct demand, while capital goods have derived demand
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When _______ is subtracted from gross investment, we get Net Investment
When depreciation (consumption of fixed capital) is subtracted from gross investment, we get Net Investment.
Net Factor Income from abroad is Negative when income earned from abroad is ________ income paid to abroad
Net Factor Income from abroad is Negative when income earned from abroad is less than income paid to abroad.
Factor Income is included in both _______ Income and _______ Income
Factor Income is included in both national Income and Domestic Income.
______ refer to those goods which are used either for ________ or for further production in the same year.
Intermediate goods refer to those goods which are used either for resale or for further production in the same year.
Net indirect taxes refer to the difference between _____ and ________
Net indirect taxes refer to the difference between Indirect taxes and Subsidies.
_________ goods are used up in a single act of consumption.
Non-durable goods are used up in a single act of consumption.
_______ Income is a receipt concept.
Transfer Income is a receipt concept.
Final goods refer to those goods which are used either for __________ or for ____________.
Final goods refer to those goods which are used either for Consumption or for Investment.
A normal resident of a country refers to an __________ or an __________ who ordinarily resides in the country and whose center of economic interest also lies in that country
A normal resident of a country refers to an Individual or an Institution who ordinarily resides in the country and whose center of economic interest also lies in that country.