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Solution:- Calculation of Gross Domestic Product at Market Price NDP at FC = Compensation of Employees + Rent + Interest + Profits NDP at FC = ₹ 3,000 + ₹ 800 + ₹ 900 + ₹ 1,300 NDP at FC …

Solution:- Calculation of Gross Domestic Product at Factor Cost NDP at FC = Compensation of Employees + Rent + Interest + Profits NDP at FC = ₹ 800 + ₹ 150 + ₹ 100 + ₹ 200 NDP at FC…

Solution:- Calculation of Gross Domestic Product at Factor Cost NDP at FC = Compensation of Employees + Rent + Interest + Profits NDP at FC = (v) + (iv) + (ii) + (vi) NDP at FC = ₹ 1,600 +…

Ans – (d) Explanation:- Macroeconomics focuses of economics issues at the national level. The cotton Textile industry is the part of microeconomics not the macro.

Ans – (b) Flow of factor payment from firms to household is the part of nominal flow.

Ans – (b) In a two sector economy, firms depend on the households for supply for factor inputs.

Ans – (c) Explanation:- Real flow consists of flow of factor services from households to firms and Flow of goods and services from firms to households.

Ans – (a) Inventory is a Stock concept, whereas the change in inventory is a Flow Concept.

Ans – (c) Explanation:- Real Flow included the flow of services and flow of goods across households and firms.

Ans – (a) Explanation:- In a two-sector economy Firms depend on Households for supply of factor services.