In which one of the following sectors, expenditure method is used for calculating national income in India?
The expenditure method is used to calculate the national income by summing up consumption, investment, government spending, and net exports. In India, this method is particularly relevant for sectors like the construction sector, where investments in infrastructure and housing are accounted for.
A factory purchases machinery worth ₹50 lakh. At the end of the year, depreciation is ₹5 lakh. What is the Net Investment made by the firm?
Identify the correct interpretation of Gross National Product (GNP).
Which of the following is correct for Net National product?
What was the contribution of the agriculture sector to the GDP in 1950?
In the context of a consumption function for an economy, if MPC = 0.6, then what is the likely value of MPS?
_______is the maximum income available that can be saved and spent by a nation on the consumption of goods and services.
What is the estimated Nominal GDP or GDP at Current Prices for India in the year 2023–24 as per NSSO?
