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Answer:- No, It will not be included in the national income as it does not amount to any flow of goods. Explanation:- An increase in the price of lying stock is due to a rise in market price. The quantity…

Answer:- No, It will not be included in the national income as it does not add to the flow of goods and services in the economy. In other words, winning of a Lottery prize or contest is a one-way transaction,…

Answer:- Yes, it will be included in the National Income as it is a part of capital formation and leads to the production of goods and services in the economy.

Ans – (d) Explanation:- When Domestic Income is more than the National Income, the net factor income from abroad is negative. National Income = Domestic Income + Net factor income from abroad For example Domestic Income = ₹ 200 Crores…

Ans – (d) Explanation:- NNP at FC = National Income NDP at FC = Domestic Income

Ans – (c) Explanation:- GNP at FC = NNP at FC + Consumption of fixed Capital When the Consumption of fixed Capital is zero GNP at FC = NNP at FC

Ans – (b) Explanation:- Net National Product (NNP) at Market Price = NNP at Factor cost + Net indirect taxes

Ans – (d) Explanation:- GNP = NNP + Depreciation Depreciation = GNP – NNP Depreciation = Gross net investment – Net investment Depreciation = Difference between gross and net investment

Ans – (b) Solution:- GNP at MP = GDP at FC – Net factor income to abroad + Net indirect taxes (Indirect taxes – Subsidies) GNP at MP = ₹ 3,000 – ₹ 200 + ₹ 420 – ₹ 240…

Ans – (c) Explanation:- National Income (NDP at FC) = Net National Product at Market Price – Net indirect taxes (indirect taxes – subsidies) National Income (NDP at FC) = Net National Product at Market Price – indirect taxes +…