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Ans – d) Explanation:- NNP at MP = NDP at FC + Indirect tax – subsidies – Net factor income to abroad NNP at MP = 80 + 10 – 0 – (- 10) NNP at MP = ₹ 100

Ans – a) Explanation:- NDP at FC = GDP at MP – Depreciation – Indirect tax + subsidies NDP at FC = 100 – 10 + 5 = ₹ 95

Ans – d) Explanation GDP at MP = NDP at FC + Depreciation + Indirect tax – Subsidies Gross indicates depreciation included MP (Market Price) indicates net indirect tax (Indirect tax – subsidies) included.

Ans – a) Explanation:- As Chinese embassy is administered by the government of China and all administrative policies are applied as per their government. Thus Chinese embassy comes under the Economic territory of China.

Ans – c) Explanation:- Economic territory is also known as Domestic territory

Ans – d) In economic territory, people, goods and capital moves freely.

Ans – d) Explanation:- A resident of a country is the one who lives, earns, spends and save in that country he lives irrespective of the citizenship

Ans – c) Capital is stock as it is measured at a particular point in time. For example:- at 31st March 2023, on 1st April 2022 Investment is a flow as it is measured during a period of time. For…

Ans – d) What is the final consumption expenditure by Production units? All expenditure incurred by production units on capital goods is termed as final consumption expenditure. for example:- purchase of machinery, furniture, computer, etc.